Positional View of BHARTIARTL for JAN 27 2021

Jan 25, 2021

The principle and process used is detailed at the end of the idea. The detailed performance report of all Nifty 50 stocks since 28 OCT is available on request
See the related idea for all NIFTY50 Stocks in the similar format.

BHARTIARTL
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Current Position is Sell, sold on 18-JAN-2021 at 595.05
Action for Next Trading Day: Continue SHORT and reverse to LONG if BHARTIARTL closes above 582.90

Performance since 28 OCT 2020
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Rs 222.43 Profit per share with 15 Winning Trades and 4 loss Trades. 78.95% Success Trades

Last 5 trade performance
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Action/From date/to Date/Profit(loss) Rs per share
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Buy 22-DEC-2020 to 30-DEC-2020 20.53
Sell 30-DEC-2020 to 01-JAN-2021 4.31
Buy 01-JAN-2021 to 05-JAN-2021 1.43
Sell 05-JAN-2021 to 06-JAN-2021 -1.99
Buy 06-JAN-2021 to 18-JAN-2021 79.06

The underlying principle is “The trend is your friend, until the end when it bends”
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I use only mathematical approach in identifying the trend and predict a number where it bends.
I identify the trend of a set of data set using polynomial regression approach .

Yt = B0 + B1t + B2t^2 + Ut (2nd Degree Polynomial example).

Value of B1 and B2 Interpretation
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if B1 > 0 and B2 >0 Increasing
if B1 >0 and B2<0 Inverted U Shape
if B1<0 and B2<0 Decreasing
if B1 < 0 and B2 > 0 U shape Data
I then programmatically find the value of NIFTY that changes B1 and B2 to change the shape which ideally indicates change in trend.
I also use other mathematical approaches like Standard deviation, Volatility , Fibonacci ratios etc to re validate them again.
Based on historical data and above inputs the programs identify what value of Nifty will change the trend to reverse the current trend in order to stay on the trend as long as it exists. I do not use any technical indicators to manually find any specific number and all these are unbiased /no human interpretation method without using any charts.