Sunday 27 July 2014

RELIANCE COMMUNICATIONS

RCOM
Traded in futures: Yes
Strategy: Sell RCOM when near 200 SMA and below 200 SMA.
Take positions around price: 132.15.
Put your stop loss at 137.82.
Do not adjust stop loss, keep it fixed through the trade.
Exit positions when the price reaches 115.14 or when the stop loss gets hit.
Brief Analysis: Profit factor is 2.85. Strategy is giving decently bearish results. Percentage of profitable trades is 46.15%, which is low, but win loss ratio is good so its fine. Average return per trade is 4.54%, which is very good. Average holding period is on the higher side, note this before entering the trade that you you may need to hold the positions for a longer time.

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