ScannersStrategies

Bullish Fibonacci Pivots

The strategy checks for bullish trend using price action and supertrend indicator. A buy signal is initiated when the price crosses above a resistance level as indicated by Fibonacci pivots. It is suitable in bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

hour

Entry Conditions

Close(0) crosses above Pivot point(r1,fibonacci,No) and Close(0) higher than Prev N(High,-1,day) and Close(0) higher than Supertrend(10,4,0)

BUY 1 share when Close(0) crosses above Pivot point(r1,fibonacci,No) and Close(0) higher than Prev N(High,-1,day) and Close(0) higher than Supertrend(10,4,0) at hour candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

Close(0) crosses below Supertrend(10,4,0)

SELL 1 share when Close(0) crosses below Supertrend(10,4,0) or at stop loss % of 3 or target profit % of 6 at hour candle interval using Candlestick chart chart.

Stop Loss

3

Target Profit

6

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

    COALINDIA

  • NSE

    DRREDDY

  • NSE

    EICHERMOT

  • NSE

    ETERNAL

  • NSE

    GRASIM

  • NSE

    HCLTECH

  • NSE

    HDFCBANK

  • NSE

    HDFCLIFE

  • NSE

    HEROMOTOCO

  • NSE

    HINDALCO

  • NSE

    HINDUNILVR

  • NSE

    ICICIBANK

  • NSE

    INDUSINDBK

  • NSE

    INFY

  • NSE

    JSWSTEEL

  • NSE

    KOTAKBANK

  • NSE

    M&M

  • NSE

    MARUTI

  • NSE

    NTPC

  • NSE

    POWERGRID

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    SUNPHARMA

  • NSE

    TATACONSUM

  • NSE

    TITAN

  • NSE

    TRENT

  • NSE

    ULTRACEMCO