QUANT SYSTEM TRIGGER & MOCK PORTFOLIO 15.10.24
- Capt D. Ganesh Raja
- Oct 16, 2024
- 2 min read
From the desk of Capt.D.Ganesh Raja
DISCLAIMER
Please be informed that the author of this blog by Capt Ganesh Raja Dhanuskodi (Hereinafter called Capt Ganesh) is not a SEBI registered Research Analyst or Financial Advisor. Capt Ganesh writes this blog to express his views based of more than two decades of experience in capital markets and based on the Quant system which he has invented and he does not do this for “consideration” as per SEBI regulations, which means he does not receive economic benefit through it. Readers of this blog must seek advice from registered Investment Advisors / Research Analysts before taking any trading or investment decisions.
Capt Ganesh has been investing and trading actively since 2001, building trading models since 2013 and has invented an AI based intraday trading system, which has a pending patent approval.
Dear friends,
Further to my post yesterday, I will cover few more assets and look at system triggers.
GOLD (MCX): Last close – 76385.0. Quant system has been consistently indicating bullish signals since October 2021. Very important is that system has not been on wrong side of trade. If we take even the intermediate wave count , Gold started rallying from 56871 on 06.10.23, it is on first wave of the leg of rally. In dollar terms at USD 2656.78 / ounce, it is at life’s high and there is no trend reversal as of yet. I am holding on to my gold since then.
SILVER (MCX) : Last close – 90736.0. In dollar terms silver is trading at USD 31.80 / ounce . There is no clear signal as to which way it will move so will leave it aside for now.
SYSTEM EXITS FOR EXISTING MOCK PORTFOLIO
1. CIPLA: Last close – 1569.80. System exit triggered at this price as of 15.10.24 closing. It has delivered absolute returns of 2.58% since triggering a buy signal on 11.06.24.
2. TATA CONSUMER PRODUCTS: Last close – 1115.75. System exit triggered at this price as of 15.10.24 closing. It has delivered absolute loss of 1.75% since triggering a buy signal on 11.06.24.
Reliance Industries is very close to giving an system exit though it is below the stop loss price as of today’s close.
RETURNS TILL DATE SINCE 04.07.20 : 169.23.% (AS OF TUESDAY 15.10.24 CLOSING)
LEVERAGE FOR EXISTING MOCK PORTFOLIO TRIGGERS: 1.65
SYSTEM EXIT DELEVERAGE: 0.35
LEVERAGE FOR NEW MOCK PORTFOLIO TRIGGERS: NA
TOTAL LEVERAGE: 1.30
ASSET ALLOCATION PROFIT POTENTIAL FOR NEW PORTFOLIO TRIGGERS : NA
TIME PERIOD OF TRADES RECOMMENDED : 15 DAYS TO 3 MONTHS.
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