ASTRAL trade ideas
Astral Poly TechnikAstral poly technik Strong pull Back
May be Give 10 % to 15 % gain
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. Never invest more then 2 % Capital In Single trade. Trade on your own Risk and analysis
ATR based stoploss and position sizingAssume my Capital 100000
Bought this stock at 869 and my max risk is 1% i.e 1000 rs...
Stoploss is 713 rs..subtracting double the ATR value 78×2 = 156 from 869
Position sizing will be
Risk/(Buy-Stoploss) or Risk/( 2×ATR)
1000/(869-713) or 1000/(2×78)
= 6.4 .... So max position is 6 stocks only
......
A small variation can be made to this so that we can increase the shares without increasing the risk
Our previous stoploss is 156rs ..i.e around 17% of 869 which is huge ...most of the time we don't need such huge stoploss logically ...so we can spread our stoploss thus increasing shares without increasing risk.
So lets divide our Risk into 3 parts 330 each
First stoploss we will take 5% stoploss .. 825rs
Position size 330/ (869-825) = 7.5.. 7 shares
Second Stoploss we will take 790 ..10% stoploss
Shares 330/ 79= 4 shares...
Third stoploss we will take our actual 2ATR Stoploss
330/ 156= 2 shares
Total now 7+4+2= 13 shares instead of just 6 shares.
In first case only 6 shares ... Even if stock moves 10% upside +86 rs ... U get only 86×6 = 516 rs profit
But in second case assuming our all stoplosses are intact .... We get 86×13 = 1118 rs profit
Disclaimer: Educational purpose only
ASTRAL : Last buying opportunity!ASTRAL is looking for great buying opportunity to take the move to the upside & make some decent chunks of profit. After having 17% of correction now is the time to go for long.
ASTRAL: LONG IDEAAstral is forming a flag pattern. Watch out for flag breakout. Can be taken for swing too.
Chart Study: Ftr pattern in AstralMonthly chart of astral polytechnic shows ftr and FTB with Compression
Disclaimer: only for educational purpose
My Weekend picks 13/11/20These are breakout stocks which can perform good in near term. Buy on weekly closing basis.
#AstralPolyInverted H&S Pattern Breakout with sufficient Volume
Buying Zone on Pullback( Retest of Reistance): 1270-1300
Target: 1750
ASTRAL EOMA OCT 2020After VCP Stock BO on 06 Aug 2020 with WRC & VOLEXP
Currently is at its Support Demand ZONE
Astral- Watchout for next moveAstral is already moving in triangle & could break on either side. Watch out the next move for clear direction.
ASTRALDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
ASTRALPOLY Near 52W highASTRAL looks bullish if it sustains above 1250-1260 levels on daily basis.Trading above 21EMA indicating a bullish momentum in this. breakout trade is likely in this counter is in the coming few sessions.
ASTRALDISCLAIMER : . I am not a SEBI Registered analyst.
All chart analysis I publish are educational and information purposes only
