BUY 338.55
TARGET 354.75
STOP 329.75
TARGET 354.75
STOP 329.75
Comment:
DEMAND ZONE IS THE AREA WHERE PENDING ARE WAITING UNFILLED. OUR PLAN IS TO TRIGGER THOSE PENDING ORDERS IN OUR FAVOUR WHEN PRICE COMES BACK TO THE ZONE. THATS WHY WE NEED TO BE PAtient FOR THE PRICE TO COME BACK. RISK TO REWARD RATIO IS 1:2. MY STOP LOSS IS 1000RS. TARGET PRICE 2000RS. MY CAPITAL IS 1LAKH. I TAKE RISK OF 1% OF MY CAPITAL. THIS IS MONEY MANAGEMENT AND RISK MANAGEMENT
Comment:
just be patient. wait for price to come back to the zone, where pending orders left over by big institutions are pending. for ex, if 338 is the price institutions might have placed 3 lakhs limited orders, and 2 lakhs limited orders got executed before price started to move higher. it means still there are 1 lakh limited orders at the price of 338. if price come back to 338, will the 1 lakh limited orders at 338rs get executed or not?. here, we go long at 338.55 this means that we are trading by joining hands with big institutions. this is called professional trading of the big institutions.