Green Cloud Momentum

The strategy takes a buy position when the trend is bullish and the momentum also turns in the favour of bulls. Ichimoku indicator has been used to identify trend and momentum. The strategy is suitable for bullish trending markets.

Entry Conditions

Multitime frame(5min, Ichimoku(9,26,52,26,leading span a,yes,0) higher than Ichimoku(9,26,52,26,leading span b,yes,0) ) and Multitime frame(5min, Ichimoku(9,26,52,26,conversion,yes,0) crosses above Ichimoku(9,26,52,26,base,yes,0) ) and Multitime frame(5min, Close(0) higher than SMA(close, 200, 0) )

BUY 50 shares when Multitime frame(5min, Ichimoku(9,26,52,26,leading span a,yes,0) higher than Ichimoku(9,26,52,26,leading span b,yes,0) ) and Multitime frame(5min, Ichimoku(9,26,52,26,conversion,yes,0) crosses above Ichimoku(9,26,52,26,base,yes,0) ) and Multitime frame(5min, Close(0) higher than SMA(close, 200, 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

  BEL

• NSE

  BHARTIARTL

• NSE

  DRREDDY

• NSE

  EICHERMOT

• NSE

  HCLTECH

• NSE

  HDFCBANK

• NSE

  HINDUNILVR

• NSE

  INFY

• NSE

  JSWSTEEL

• NSE

  MARUTI

• NSE

  POWERGRID

• NSE

  SHRIRAMFIN

• NSE

  SUNPHARMA

• NSE

  TECHM

• NSE

  WIPRO