Smallcap Positional Trade Setup with Targets Despite of Collapse!

Nifty and broader markets collapsed again, but there are opportunities either side for short term trading.

Pharma was on the top gainers list in today’s trading session and we were able to capitalise on up move in the sector despite of sharp fall in Nifty. Just by Using simple Moving average, Bollinger Bands? and parabolic SAR learn how to ride the trend on short term basis.

See below the chart and research made us to gauge more than 4% up move

Albert David Limited 15 min chart:

Trade Analysis:

We are showing Albert David Limited 15 min chart which will justify trading strategy setup.

As seen on 15 min chart: we can see sharp rally bounce off from exact 45-days moving average and moved higher with fast momentum. Also as per Bollinger Bands, there was contraction in the band suggesting a narrowing movement and then there was expansion suggesting a possible trend emerging on upside.

We have applied parabolic SAR which used to determine the price direction as well as draw attention to when the trend direction is changing. A series of dots started to place below the price which is deemed to be a bullish signal.

Combining these simple methods and also Elliott wave methods we have given the following calls over past few days:

Following was the positional cash call given to our clients in today’s session.

Call given at 10:03 am: POSITIONAL CASH ALBERTDAVD BUY ABOVE 420 SL 400 TGT1 440 TGT2 460

Target 1 by 10:09 am: POSITIONAL CASH ALBERTDAVD BUY CALL GIVEN TGT1 ACHIEVED AT 440

Here are some calls which were given to our client on similar strategy.

On 12th April– POSITIONAL CASH PANACEABIO BUY ABOVE 250 SL 238 TGT1 263 TGT2 280

Target 2 achieved: POSITIONAL CASH PANACEABIO BUY CALL GIVEN TGT2 ACHIEVED AT 280

On 8th April: POSITIONAL CASH NCLIND BUY ABOVE 182 SL 175 TGT2 190 TGT2 200

Target 1 achieved: POSITIONAL CASH NCLIND BUY CALL GIVEN TGT2 ACHIEVED AT 200

On 5th April: POSITIONAL CASH MAXHEALTH BUY ABOVE 225 SL 215 TGT1 240 TGT2 255

Target 2 achieved: POSITIONAL CASH MAXHEALTH BUY CALL GIVEN TGT2 ACHIEVED AT 255

On 1st April: POSITIONAL CASH AWHCL BUY ABOVE 250 SL 240 TGT1 260 TGT2 273

Target 2 achieved: POSITIONAL CASH M AWHCL BUY CALL GIVEN TGT2 ACHIEVED AT 273

In above we have no stops so far in month of April and that is why we have not mentioned one. But do keep in mind we never claim 100% accuracy and use of stoploss is must.

The above is to showcase that by combining various time frames one can generate classic trade setup using Moving average, Bollinger bands and parabolic SAR can work amazing well.

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