TheChauhansView

COLPAL : MO on Top for a Ride UP!!

Long
NSE:COLPAL   COLGATE-PALM (IND)
My wave analysis suggest that there is a possible Buy on this.

So, we simply put our MO on top of the horizontal line and ride the UP move IF it goes UP.. otherwise if it goes down further, our MO will not be triggered.

Happy Trading.
Trade active: I got tagged, but since the price is not going at the speed that i expected, i got out with a small loss.

However, have put another Limit order at 1519 levels - in case it decides to go anytime from now to the UP side, i want to be in that UP move.. if it does not want to go today, my order will not be triggered.

Trade closed: target reached
Comment: ANOTHER JACKPOT!!

Comments

Sir as I’m the beginner pl explain full form of MO
Reply
@aju_d, Sorry, it is my mistake - it should be Limit order and not Market order ( MO ). What you do is simply put a limit order - say for example now, i have put my limit order at 1519 level, so if it goes UP like a rocket, i want to be in that UP trade only. Got it.
Reply
TheChauhansView TheChauhansView
@TheChauhansView, This is Managing your money/capital. Accepting a small loss for now, but still my view is BUY only for this for now, hence put another LO ( limit order ) and waiting patiently.
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