ScannersStrategies

Weighted MA Bullish Trend

The strategy initiates a buy position when the price breaks out of WMA resistance and WMA is also indicating bullishness. The strategy is suitable for Bullish Trending Markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

15min

Entry Conditions

Close(0) crosses above WMA(close, 20, 0) and WMA(close, 20, 0) higher than WMA(close, 20, -1)

BUY 1 share when Close(0) crosses above WMA(close, 20, 0) and WMA(close, 20, 0) higher than WMA(close, 20, -1) at 15min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 1 share at stop loss % of 2 or target profit % of 5 at 15min candle interval using Candlestick chart chart.

Stop Loss

2

Target Profit

5

Stocks

  • NSE

    ADANIENT

  • NSE

    ADANIPORTS

  • NSE

    APOLLOHOSP

  • NSE

    ASIANPAINT

  • NSE

    AXISBANK

  • NSE

    BEL

  • NSE

    EICHERMOT

  • NSE

    HCLTECH

  • NSE

    INFY

  • NSE

    JSWSTEEL

  • NSE

    KOTAKBANK

  • NSE

    TCS

  • NSE

    TATASTEEL

  • NSE

    TECHM

  • NSE

    ULTRACEMCO

  • NSE

    WIPRO