Panjang
Making of a BIG TRADE
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There are two types of trades :
1)with the best structure
2) so beaten down, but risk reward is great
Why i selected this stock to trade?
1) traditional technical analysts will call this stock a laggard, because while nifty is at all time highs, this stock is nowhwere near its highs.
but if we look more closely, this stock bottomed on the same day as nifty, and moved up more than 25% in its first leg.
2) Attempted bo, this was a valid trade here, but this stock was not in my list at this time. bo failed and stock retraced
3) look at the volumes on retracement, very little selling is coming
4) look at the reversal volumes, big volume expansion
5) again stock tried to move above prior resistance, but failed, however, it did not fall much at all
6) inside day, after along wick, within a larger consolidation, where 2 shakeouts have played out, weaker hands are out, this is when the stock is ready for immediate move up
entered at 119
sl at 115
1)with the best structure
2) so beaten down, but risk reward is great
Why i selected this stock to trade?
1) traditional technical analysts will call this stock a laggard, because while nifty is at all time highs, this stock is nowhwere near its highs.
but if we look more closely, this stock bottomed on the same day as nifty, and moved up more than 25% in its first leg.
2) Attempted bo, this was a valid trade here, but this stock was not in my list at this time. bo failed and stock retraced
3) look at the volumes on retracement, very little selling is coming
4) look at the reversal volumes, big volume expansion
5) again stock tried to move above prior resistance, but failed, however, it did not fall much at all
6) inside day, after along wick, within a larger consolidation, where 2 shakeouts have played out, weaker hands are out, this is when the stock is ready for immediate move up
entered at 119
sl at 115
Dagangan aktif
Dagangan aktif
Trailing stop now moved to cost, wont take a loss on this trade, playing for a bigger moveDagangan ditutup secara manual
Trailing sl hit - out at minor gains. stock is retracing a bit more than than normal, going below 20ema
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.