ScannersStrategies

Trending And Resistance Breakout

The strategy initiates a buy position when the price moves above a resistance and a bullish trend is established. The strategy carries the position overnight. Suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

5min

Entry Conditions

Close(0) higher than Prev N(High,-1,day) and Plus DI(14,0) crosses above Minus DI(14,0)

BUY 50 shares when Close(0) higher than Prev N(High,-1,day) and Plus DI(14,0) crosses above Minus DI(14,0) at 5min candle interval using Candlestick chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 50 shares at stop loss % of 2 or target profit % of 4 at 5min candle interval using Candlestick chart.

Stop Loss

2

Target Profit

4

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

    JSWSTEEL

  • NSE

    JIOFIN

  • NSE

    KOTAKBANK

  • NSE

    NTPC

  • NSE

    ONGC

  • NSE

    POWERGRID

  • NSE

    RELIANCE

  • NSE

    TATACONSUM

  • NSE

    TATASTEEL

  • NSE

    TRENT

  • NSE

    ULTRACEMCO