Swing Trading using SMA

2021년 4월 13일

Indicator - Simple Moving Average with length 34 days and source close price
Once plotted, we have to identify an alert candle

Characteristic of an alert candle are

1) It touches the SMA
2) Close Price is greater than SMA Value
3) Low Price is lower than SMA Value
4) Close Price is greater than SMA Value (green candle)

Also note that the stock is in uptrend - Minimum 10 previous candles formed above SMA line
Entry - Buy at High of Alert Candle
Exit
Stop Loss - Lowest of the Low ( Lowest price in past 3 days)
R = Entry - Stop Loss

Target 1 ( 50% ) - 1:1 i.e., Buy Price + R
Target 2 ( 50%) - 1:3 i.e, Buy Price + 3R
Once Target 1 is achieved move SL to Buy Price

2021년 4월 14일

노트

Stock : NMDC

Date: 26th March- Alert Candle Formed
Entry@128.80
SL 122
R = 6.8
Target 1 - 135.6 ( achieved)
Target 2 - 149.2 ( not achieved) - Exit 50% shares at 135.4 (improvisation after 2R, moved the SL to last day Closing Price )

2021년 4월 16일

거래청산: 타겟 닿음

Target Reached for 2nd position.
Entry @140.25
Exit @145.10