Hello Everyone,
This is Shaunak and today I am going to talk about one strategy for Stock SIP. This strategy is very boring yet powerful.
The strategy is very simple, I keep accumulating in my SIP stocks on the last day of every month if it is closing in red on monthly chart. It doesn’t matter how low it is, the only condition it should be closing in red between 3.15 to 3.29 pm.
Before starting investing in this strategy, I have done back testing in many stocks and here is the result of BSE Ltd. (From Jan 2018 to Dec 2023) The results are for reference only, it may vary from stock to stock. I’ve kept the SIP amount just 2K for better understanding.
There is no entry after March 2023 as the stock is trading above the SIP amount from December 2023 onwards.
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