ScannersStrategies

Bullish Resistance And Trend

The strategy takes a buy position when the stock moves above a resistane. The strategy also checks if there is an indication of bullish trend. The strategy is suitable for bullish trending markets.

Order Type

MIS

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min, Close(0) crosses above Pivot point(pp,standard,No) ) and Multitime frame(5min, Plus DI(14,0) crosses above Minus DI(14,0) )

BUY 50 shares when Multitime frame(5min, Close(0) crosses above Pivot point(pp,standard,No) ) and Multitime frame(5min, Plus DI(14,0) crosses above Minus DI(14,0) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 50 shares 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

    BPCL

  • NSE

    BRITANNIA

  • NSE

    COALINDIA

  • NSE

    EICHERMOT

  • NSE

    HDFCBANK

  • NSE

    ITC

  • NSE

    M&M

  • NSE

    NESTLEIND

  • NSE

    SBILIFE

  • NSE

    SHRIRAMFIN

  • NSE

    TATACONSUM

  • NSE

    TATAMOTORS

  • NSE

    TRENT

  • NSE

    WIPRO