I will post daily 1 call in JSWSTEEL here.
Its based on software developed by me for some broking firm which now I am using for my personal use so sharing here with fellow mudraites.
Methodology is simple.
Watch Entry point, exit point and reverse point.
Suppose I say Buy @ 900, Trgt @ 910 and SL @ 890
Now Buy @ 900 only using Limit price and keep booking profits @ 904, 906, 908 and finally 910
If price doesn't reach even at middle of Trgt and Entry i.e 905 then wait for SL and enter double quantity @ SL
Like if you bought 100 quantity, then sell 300 quantity @ 890 for Trgt of 885.
100 is initial buy square off and 200 to recover loss occurred. (Do it if and only if doesn't reach even midway)
To Buy 200 shares we need rs.22500 and keeping rs.45000 for reverse and some rs.10000 for reserve/loss, In last month I got around 14.13% return on this investment of rs.77500. whereas backtest result for past 1 year reveals 174.56% returns and for past 5 years its 843.02%.
Enter SL revere order only if doesn't move even 0.5% ahead or vice versa.
For Eg, Call for last friday: Buy JSWSTEEL at 896.00 Trgt 910 SL 890
Mind it ! Its money management that earns you money rather than trade.
In any stock, always keep
STOPLOSS of 1% , unless mentioned by me.