For the first time, i am trying my hand in investing stocks for short term (3-6 months). I picked stocks from my Guru Ilango Sir suggestions in his blog recently (except Infosys). How ever i applied my DP understanding in filtering to few and came with below levels. So far holding AXIS bank alone, lets see how this goes!
Below is example for how i came up with these levels.
Any comments/suggestions/critic are most welcome :)
Below is example for how i came up with these levels.
Hi Rose
ReplyDeleteIs it based on JNSAR you have selected the stocks but the entry is based on DP - intraday. Once entered, position will be kept till the target reached (or) trailing SL is hit- is in't?. Could you pls explain what is your basis of arriving at the Target ? if it is based on JNSAR then there are other stocks also under Nifty 50 - why did you choose only these 12 stocks. Thanks for you time & Charts.
Regards,
Veer
No Veer. I didn't look at JNSAR levels. Recently Ilango sir gave stock recommandations for short term stock investments, i picked all above stocks from that list.. regarding levels, i choose entry levels at recent supports /range lows.. and targets as range high's or earlier highs.. Attached ACC example, have a look.
DeleteI will move SL below to pull back lows after entry, just like how i trade intraday.
BTW did you ever traded stocks for short term (day or week or month JNSAR?). if yes, how was your results?
Plz check the calculations; Reward calculations. I think there is some error
ReplyDeleteOops, costly mistake :)
DeleteThanks for pointing out.. corrected in post.
R:R looks no much attractive, but i do attempt. Its been ages i bought stocks for delivery.
No. I never traded stocks based on JNSAR.
ReplyDeleteRegards,
Veer
Rose,
ReplyDeleteLook at option trading strategies. I feel that is the way to go if you want to carry positions for longer period.
Hi Shashank,
DeleteGood suggestion, i am yet to learn these option strategies.. any pointers for learning?
Thought of trying my hand in stock picks, but seems market in no mood of correction.
Hi Rose,
DeleteBefore going further some statutory Warning :).
A> Just make sure you are not deviating from your main goal that is mastering DP system.
I did this mistake, took me 6-8 months to find way back and cut all distraction.
Regarding Option Trading#
Spending time with historical data would be best thing to do. Take a look at this
http://www.finideas.com/Software/FinTester/7/
There could be free data/Tools also I haven't come across it.
Shashank,
DeleteGot your point :)
On first look on site, looks like so much of theory.. not sure if i can ramp up this much complexity.
Any ways thanks for suggestion. i will try to understand on my best effort soon.