Mam, please check persistent systems. its on trend line and moving up, any suggestions?
Siddharth_Ruhil
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Clearly 422 was a selling zone and a strong rejection shown from that price. A clear trap as the price got rejected from 427. A better approach should have been to wait for the stock to close above the trend line and then enter the trade.
UnknownUnicorn7637383
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@siddharthruhil There isn't surety that our trade will workout. We can be wrong even if we have done everything right.
Siddharth_Ruhil
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@abcnikhiltripathi, i never said about surety. There is something basic known as trap areas where the MM induces us to fall in those traps. The price gets rejected leading to stop loss. I feel waiting for the right entry helps us increase the accuracy instead of straightaway jumping on breakouts.