ScannersStrategies

VWAP Confirmation

The strategy takes a buy position when the stock moves above VWAP indicator indicating a bullish move. The entry is taken only after a confirmation. The strategy is suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

hour

Entry Conditions

Multitime frame(hour, Close(-1) higher than VWAP(-1) ) and Multitime frame(hour, Open(-1) lower than VWAP(-1) ) and Multitime frame(hour, Close(0) higher than High(-1) )

BUY 50 shares when Multitime frame(hour, Close(-1) higher than VWAP(-1) ) and Multitime frame(hour, Open(-1) lower than VWAP(-1) ) and Multitime frame(hour, Close(0) higher than High(-1) ) at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 50 shares at stop loss % of 2 or target profit % of 4 at hour candle interval using Candlestick chart chart.

Stop Loss

2

Target Profit

4

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    BPCL

  • NSE

    BHARTIARTL

  • NSE

    BRITANNIA

  • NSE

    CIPLA

  • NSE

    COALINDIA

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    ITC

  • NSE

    INFY

  • NSE

    LT

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    NESTLEIND

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    SUNPHARMA

  • NSE

    TATAMOTORS

  • NSE

    TATASTEEL

  • NSE

    TECHM

  • NSE

    TITAN

  • NSE

    TRENT

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO