VWAP breakout - exit point

Technical Analysis
1

Hello,

I’m new here. Just started with Kite and the API a few weeks back. Zerodha is really doing a great job!

Been reading a lot of books on Intraday trading strategies, and I’ve decided to try the VWAP breakout strategy.

The outline is:

  1. Check for 10 mins candles
  2. If at a point in time (eg. 12:00), the current candle’s close is above VWAP AND
  3. The past 5 candles’ close is below VWAP THEN
  4. Enter at current candle’s close
  5. Stop loss of previous candle’s close
  6. Exit?

So there’s my question. How do I determine my exit price? I’ve been told to choose the day’s high? But how do I know the days’ high at 12:00 ?

Would love some feedback!

Thanks
Rohan

2

First target could be the nearest resistance and then trail your sl after that.
I am too new in trading, so may be wait for some experienced people to comment on this.
Thank you :slight_smile:

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