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Prem_Agrawal
Aug 2, 2020 9:20 PM

[ POSITIONAL ] CANBK BUY SETUP Long

CANARA BANKNSE

Description

RISK : REWARD RATIO 1 : 2

1 ) BULLISH ENGULFING CANDLE
2 ) DEMAND ZONE

3 ) TRIANGLE BREAKOUT


REST AS PER CHARTS

RISKY BET

Comment

It is consolidating too much , so TSL to 101.30

Trade closed: stop reached

Comments
yukesha88
Tmrw target for CANBK sir ?
Prem_Agrawal
@yukesha88, Its a positional bet , it will either hit Sl or Target
Please wait till then
yukesha88
@Prem_Agrawal, today I bought 110 ce
Prem_Agrawal
@yukesha88, I think buying 110 CE was not good trade

Buying CE means going Long and you went long on 110 CE which means you are predicting that CANBK will be above 110 CE on Expiry

I would rather suggest you to take a hedged position , If you want I will create one for you
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