@b9nk6, Thank you, This is a weekly chart. According to risk and reward, 330 seems like a good support level, so if the price reaches that level before reaching the target, you must close your position. Alternatively, if you do not hold any positions, you can enter 330.
This chart is only for educational purposes. I neither hold any position nor recommend that you do so. If you are a beginner, do paper trading first.
b9nk6
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@DevabratAcharya, So if TP is 395 and SL is 330. that makes RR 1.24 so is this correct?
DevabratAcharya
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@b9nk6, To calculate risk and reward, we must know about the Entry point, Target, and Stop loss.