Positional calls for Q3 2021

Date : 27-Oct-21

Positional for swing trading

Glenmark cmp 503 , 

keep for buying at 466-476, sl 440, tgt 530

trade1 risk= 36 reward 54 (1:1.5)

trade2 risk= 26 reward 54 (1:2.05)

BPCL cmp 428

keep for buying at 422 & 414, sl 410, tgt 444 & 454

trade1 risk= 12 reward 22 (1:1.83)

trade2 risk= 4 reward 40  (1:10)

Performance review as of  2-Dec-21 of Swing trading calls given above.

Glenmark was bought @ 466-476 range on 22-Nov-21 and it reached our target 530 in three days. Giving 12.52% returns in 3 days.

Check the highlighted rows. (source : NSE website)  

BPCL bought in the range of 422-414 on 29-Oct-21

Earned dividend of Rs 5/- on 11-Nov-21. i.e. 1.19% dividend yield on our avg buying price of 418.

Price went down after 11-Nov because of dividend. It hit our stop loss of 410. Made Rs. 8 loss but earned Rs. 5 back. So effective loss was Rs 3/- per share i.e 0.71% loss

Overall performance in our last 4 trades (2 trades each in Glenmark and BPCL) = 12.52 - 0.71 = 11.81% profit in one month.

Thanks. Happy Trading !!!