ScannersStrategies

VWAP Uptrend1

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

Close(-1) higher than VWAP(-1) and Open(-1) lower than VWAP(-1) and Close(0) higher than High(-1)

BUY with max allocation 50000 and max quantity (in lots) 50 when Close(-1) higher than VWAP(-1) and Open(-1) lower than VWAP(-1) and 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 with max allocation 50000 and max quantity (in lots) 50 at stop loss % of 5 or target profit % of 12 with a Trailing SL % of 3 at hour candle interval using Candlestick chart chart.

Stop Loss

5

Target Profit

12

Stocks

  • NSE

    IRCTC

  • NSE

    HDFCBANK

  • NSE

    HEROMOTOCO

  • NSE

    BEL

  • NSE

    HCLTECH

  • NSE

    ADANIPORTS

  • NSE

    TVSMOTOR

  • NSE

    DIVISLAB

  • NSE

    RELIANCE

  • NSE

    TATAMOTORS