ScannersStrategies

test

The strategy initiates a buy position when a bullish trend is identified by the Aroon indicator. Trade is avoided if a significant upmove has already taken place. Suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

hour

Entry Conditions

Aroon up(14,0) crosses above Aroon down(14,0) and Close(0) lower than Prev N(High,-1,day)

BUY 50 shares when Aroon up(14,0) crosses above Aroon down(14,0) and Close(0) lower than Prev N(High,-1,day) at hour candle interval using Candlestick chart chart. Enter trade between 09:30 to 15:00

Exit Conditions

SELL 50 shares at stop loss % of 5 or target profit % of 10 at hour candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

10

Stocks

  • NSE

    TATAGOLD

  • NSE

    TATACOFFEE

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    TATAPOWER