Savant Sir,
I went back and checked your post. I now understand the position sizing formula you are using.
Each open position represents 1% risk to your account. So, taking in the example of HDIL.
1) BUY HDIL (CMP 101.55) @ 103.15
Quantity 7 Shares
Stop Loss 77.50
First Target 128.85
If the share prices and go down we stand to lose per share: Buy price - stop loss = 103.15 - 77.5 = 25.65
My total account size is 20000 and I am ready to risk 1% per position ie 20000 * 0.01 = 200
So, total number of shares to buy on HDIL = 200/25.65 = 7.8 = 7 (not rounding off the digits as then the position would be more than 1%).
Also, sir sorry for being too hasty in asking the account size rather than checking the previous posts for the relevant info. Add to that, even discussing the SMA to EMA change in the system.