Who wrote this article?

Deepak Shenoy, Capitalmind's research team.

Tech System: ACC Makes It Up 6% to Exit.

12 Sept 2013Deepak Shenoy1 min read

Quick Facts

What is "Tech System: ACC Makes It Up 6% to Exit." about?
What category is this article in?: Stocks
Who wrote this article?: Deepak Shenoy, Capitalmind's research team.
When was this article published?: Published 12 September 2013.
How long does this article take to read?: 1 min read
What topics does this article cover?: ACC, IDFC, Technical Analysis

I have been testing an interesting Bollinger band reject system combined with an MACD crossover. This seems to be useful in trending times like now.

I mentioned ACC on Sep 06, and yesterday I found an exit point.

Now I have exited ACC fully yesterday, assuming we’d go below for a bit and then recover. So if it does I am likely to get back in.

We now have a few valid trades in the MACD System:

Sep 06: ACC entry spotted at 976, which has now exited on Sep 11 around 1048. (+7%)
Aug 23: BHEL entry spotted at 108, which shows promise to 140, but doesn’t close the gap. Partial exit at 142, looking for 147. (+35% if done right. I didn’t).
Aug 06: Airtel Short Setup at 326, and exits at 304 (+7%)
Jul 29: Nifty Short Setup at 5886, and exits around 5542. (+6%)

Other than these I have tweeted about an L&T Setup (up 15% since), written on the Reliance Capital follow through, and here’s this IDFC setup that I noticed and didn’t trade fully (exited just short of the upper gap).

This is starting to shape up, and back tests seem convincing in that there is a 54% success rate and wins are huge compared to losses. However, the forward test shows zero losses and that is a big concern. (I don’t like non-loss-showing systems. Something’s not right).