The Trend Score table has six sections. The sections are:
Symbol: The ticker symbol of the stock or the Index
Closing Price: The last closing price of the stock or
the Index
Swing Trade: The formula of swing trade is based on
the performance of stock on last three trading days. The system tries to
capture the very short term price swings which may last 2 to 5 days and
generate returns in the range of 5% to 10%. Please remember, this is a high
risk high return strategy and only professional traders should follow this. The
system is totally mechanical in nature.
Buying Range Today: Since Swing Trade is a high risk
trading strategy, it is far better idea to execute it on a day to day basis
using the trend of Swing. For example, if the stock is showing “Buy” in the
Swing Trade column, it is better to accumulate the stock using the Buying Range
Today prices and book profits either on higher levels or use the Selling Range
Today prices. Carry forward the trade, if possible; otherwise square it before
the close. Please use stoploss based on your risk tolerance.
Selling Range Today: Vice versa of Buying Range Today
column.
Trend Score Today:
Trend Score identifies the long term trend of the stock. It hovers in
the range of +17 (Strong uptrend) and -17 (Strong downtrend). The detailed
explanation is can be accessed here.
Use of Trend Score
table is not limited to trading the intraday ranges. Passive investors with a
horizon greater than six months can use the Trend Score column to buy and
stocks based on Trend Score method. Investors can increase/decrease the
portfolio holding based on the movement in Trend Score. The intraday ranges can
be used for timing the accumulation and distribution of portfolio holdings.
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