Tarun_Kumar98
Long

BHARAT FORGE Trading Setup

NSE:BHARATFORG   BHARAT FORGE
Good for trading setup.
Trade active: Bought 1 LOT - 262.50
Trade active: Bought 2 LOT - 260
Total 3 - AVG - 260.8
Trade closed: target reached: SOLD 3 LOT - 266.80
Comment:

Comments

@Tarun_Kumar98 the reason for your second entry because the price got rejected on the resistance line?
Reply
Tarun_Kumar98 rahuldhawani
@rahuldhawani, no specific reason. I was confident it will go up. So i average down. Usually such dips take place to get rid of the weak hands and take out stop losses.
+1 Reply
thanks a lot sir..very good analysis
Reply
Tarun_Kumar98 NAYAN_DGP
@NAYAN_DGP, your welcome
Reply
sir you wait for the candle to finish close ? or you buy at when it breaks candle high
Reply
Tarun_Kumar98 chintanpatel77
@chintanpatel77, sir as per chart given timeframe is 15min. Because Tradingview doesn't allow to post charts below that timeframe.
But during intraday I use 5min and 1 min charts as well.
Reply
stoploss sir & entry above 259 on which candle timeframe?
Reply
Tarun_Kumar98 ansul1992
@ansul1992, The timeframe used in chart.
Reply
ansul1992 Tarun_Kumar98
@Tarun_Kumar98, thanks a lot
Reply
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