Bergerpaints - Long idea

Trade plan

Entry - 294 SL - 270 T1 - 306 T2 - 312 T3 - 324

Trade Category positional
Account Size - 200000 INR Max affordable risk per trade 2% = 4000 INR
Risk = 294-270= 24 points
Position size = 4000/24 = 166 (After commissions 160)

Investment = 160*294=47040
T1 Profit = 12*160 = 1920 (Risk:Reward = 2:1)
T2 Profit = 18*160 = 2880 (Risk:Reward = 1.4:1)
T3 Profit = 30*160 = 4800 (Risk:Reward = 0.8:1)

Trade active

Comment:

T1 reached

Comment:

T2 reached

Comment:

watch

Trade closed: target reached:

One can TSL for higher targets based on risk apettite.

Trade closed as per trade plan