All the rules and conditions explained in previous Nifty idea.
Same logic applies here also.
If today's low is defended this will be a jackpot trade
All the details are mentioned below
Entry:38015 Don't have a feeling of FOMO. No need to compromise. We can always find entry points.
SL :37820
Lets see If we can secure this trade.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
Same logic applies here also.
If today's low is defended this will be a jackpot trade
All the details are mentioned below
Entry:38015 Don't have a feeling of FOMO. No need to compromise. We can always find entry points.
SL :37820
Lets see If we can secure this trade.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
I will be updating
Comment:
Trade active almost 2:15 PM .still lets see
Trade closed: stop reached:
Lesson :Don't take morning setups in the afternoon. That too post 2 PM
