ScannersStrategies

3 Positive Closes

The strategy takes a buy position when three consecutive candles close higher than the previous candle's close. Position is taken only when the momentum is positive. The strategy is suitable for bullish trending markets.

Order Type

MIS

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min,Period min(3, Close(0) - Close(-1) ) ) higher than Multitime frame(5min, 0 ) and Multitime frame(5min, RSI(14,0) higher than RSI MA(14,simple,20,0) )

BUY 1 share when Multitime frame(5min,Period min(3, Close(0) - Close(-1) ) ) higher than Multitime frame(5min, 0 ) and Multitime frame(5min, RSI(14,0) higher than RSI MA(14,simple,20,0) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 1 share at stop loss % of 1 or target profit % of 2 at 5min candle interval using Candlestick chart chart.

Stop Loss

1

Target Profit

2

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BHARTIARTL

  • NSE

    EICHERMOT

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    ICICIBANK

  • NSE

    KOTAKBANK

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    TECHM