Crane

Crane is a powerful and a robust strategy of Auric. This algo uses the idea that during trending markets retracements and corrections bring in value and can be used to fine tune the trades.

The algo uses inputs from the RSI as well to identify areas where the momentum of stock would increase in upcoming days in the direction of the ongoing trend and generates signals. This strategy can also be used to accumulate existing stocks in the portfolio.

These signals have stop losses below pivot lows and based on entry prices, targets are calculated based on at atleast 1:2 risk reward ratio.

We recommend a holding period of 20 working days for this strategy.

How to Trade?

1. Try getting an entry near the mentioned entry price.

2. Put in a strict stop loss.

3. Reduce your holding by 35-50% when target 1 is hit. Then trail the stop loss to entry price.

4. Exit the trade after 20 days if neither stop loss nor target is hit.