srikartiram

CHOLAFIN | Nice dip to get on board - 12% potential

Long
NSE:CHOLAFIN   CHOLAMANDALAM INV
CHOLAFIN | Nice dip to get on board - 12% potential

CMP : 239
SL : 228
Target : 262

Trade closed: target reached

Comments

Hello i just checked your this recommendation & checked Cholafin almost reached 257.30 level after you recommend, i just want to know on your analysis can i buy future or option?
Reply
srikartiram prabuddhasanchi
@prabuddhasanchi, Please check your RISK appetite for the stoploss. Trading is a probability business not a certainty one. If analyze dint work 2% stoploss in F&O is almost 20000 to 25000/- per lot, according to me losing 1 to 2% capital on a single trade is a gambling. So you must have atleast 25 lakh to take this trade in F&O. Also you can't book partial profit in F&O's.

Money Management
Risk management
Position Sizing are very important for a trade
Reply
prabuddhasanchi srikartiram
Thank you for your reply, i missed this trade but if i am not wrong we could have initiated bull call spread on your recommendation
Reply
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