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The receipts

Real backtests — including the ones that started at the worst possible time

A ladder is only as good as its bad days. So instead of a tidy summary, here are the full reports: what we bought, when, how deep it fell, and where it ended. Read any of them end to end.

Every one green
5 runs across the 2020 crash (two ETFs), a correction and a three-year dead-money stock — each finished in profit and returned to cash. Returns are measured on peak capital deployed, the strictest denominator; each report also shows the average-committed figure.
Runs 5 Cycles booked 87 Data Angel One daily candles Return basis Peak capital committed Costs Gross of brokerage & taxes

Into the 2020 crash

The same crash, two ETFs — banks fell hardest.
NIFTYBEESNifty 50 ETF
Jan 2020 – Dec 2020
PRE-COVID TOP · −36% CRASH
+41.3%
on peak cap.
21
cycles
+₹1.21L
booked
4% step · 8% target · brake on · 0.97 yr
View full report →PDF
BANKBEESBank Nifty ETF
Jan 2020 – Jul 2022
PRE-COVID TOP · BANKS HIT HARDEST
+20.8%
on peak cap.
22
cycles
+₹1.73L
booked
4% step · 8% target · brake on · 2.51 yr
View full report →PDF

Other market conditions

A correction, a dead-money stock, an ordinary year.
NIFTYBEESNifty 50 ETF
Jan 2022 – Jun 2023
ENTERED AT THE 2022 TOP
+42.7%
on peak cap.
28
cycles
+₹1.23L
booked
4% step · 8% target · brake on · 1.44 yr
View full report →PDF
HDFCBANKHDFC Bank Ltd
Jan 2021 – Jun 2024
STOCK FLAT FOR 3.5 YEARS
+34%
on peak cap.
11
cycles
+₹72,257
booked
4.5% step · 15% target · brake on · 3.46 yr
View full report →PDF
NIFTYBEESNifty 50 ETF
Jan 2023 – Sep 2023
ORDINARY GRIND-UP YEAR
+14%
on peak cap.
5
cycles
+₹27,960
booked
4% step · 12% target · brake on · 0.71 yr
View full report →PDF
Read before you read the numbers

These are hypothetical backtests, not real trading records — simulated from historical Angel One daily candles (buys at the day's low, sells at the day's high) and shown gross of brokerage, slippage and taxes. Your net would be lower.

Returns are stated on peak capital committed (the most ever deployed on the deepest dip); the average-committed figure inside each report is higher.

Past & backtested performance is not indicative of future results. Not investment advice. EqBees is a discipline & alerting tool, not a SEBI-registered investment adviser.

Reports generated 27 Jul 2026.