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

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BAJAJ-AUTO

  • NSE

    BAJFINANCE

  • NSE

    BAJAJFINSV

  • NSE

    BEL

  • NSE

    BHARTIARTL

  • NSE

    CIPLA

  • NSE

    DRREDDY

  • NSE

    ETERNAL

  • NSE

    HCLTECH

  • NSE

    MAXHEALTH

  • NSE

    ICICIBANK

  • NSE

    INFY

  • NSE

    JSWSTEEL

  • NSE

    KOTAKBANK

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    SHRIRAMFIN

  • NSE

    SBIN

  • NSE

    SUNPHARMA

  • NSE

    TATACONSUM

  • NSE

    TECHM

  • NSE

    TITAN