Rs breakout

The strategy takes a buy position when the stock breakouts out of a downtrend and it is confirmed by a breakout in Comparative Relative Strength

Order Type

MARKET

Position Type

BUY

Time Frame

15min

Entry Conditions

Multitime frame completed(hour,Period max(20, High(-11) ) ) lower than Multitime frame completed(hour,Period max(20, High(-31) ) ) and Multitime frame completed(hour,Period max(20, High(-31) ) ) lower than Multitime frame completed(hour,Period max(20, High(-51) ) ) and Multitime frame completed(hour, Close(0) ) higher than Multitime frame completed(hour,Period max(15, High(-1) ) ) and Multitime frame completed(hour,Period max(20, Close(-11) / Symbol(INDICES_NIFTY 50, Close(-11) ) ) ) lower than Multitime frame completed(hour,Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) ) and Multitime frame completed(hour,Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) ) lower than Multitime frame completed(hour,Period max(20, Close(-51) / Symbol(INDICES_NIFTY 50, Close(-51) ) ) ) and Multitime frame completed(hour, Close(0) ) / Symbol(INDICES_NIFTY 50, Multitime frame completed(hour, Close(0) ) ) higher than Multitime frame completed(hour,Period max(15, Close(-1) / Symbol(INDICES_NIFTY 50, Close(-1) ) ) )

BUY 20 shares when Multitime frame completed(hour,Period max(20, High(-11) ) ) lower than Multitime frame completed(hour,Period max(20, High(-31) ) ) and Multitime frame completed(hour,Period max(20, High(-31) ) ) lower than Multitime frame completed(hour,Period max(20, High(-51) ) ) and Multitime frame completed(hour, Close(0) ) higher than Multitime frame completed(hour,Period max(15, High(-1) ) ) and Multitime frame completed(hour,Period max(20, Close(-11) / Symbol(INDICES_NIFTY 50, Close(-11) ) ) ) lower than Multitime frame completed(hour,Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) ) and Multitime frame completed(hour,Period max(20, Close(-31) / Symbol(INDICES_NIFTY 50, Close(-31) ) ) ) lower than Multitime frame completed(hour,Period max(20, Close(-51) / Symbol(INDICES_NIFTY 50, Close(-51) ) ) ) and Multitime frame completed(hour, Close(0) ) / Symbol(INDICES_NIFTY 50, Multitime frame completed(hour, Close(0) ) ) higher than Multitime frame completed(hour,Period max(15, Close(-1) / Symbol(INDICES_NIFTY 50, Close(-1) ) ) ) at 20 candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 20 shares at stop loss of 5% or target profit of 15% at 20 candle interval using Candlestick chart chart.

Stop Loss

Target Profit

Stocks

NSE
ICICIBANK
NSE
JIOFIN
NSE
NATIONALUM
NSE
SBIN