sir, what is the stop loss and possible targets is pt B level i.e.3957. please explain
HarmonicsInAction1
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@bhaskarrao, The stock is still not showing any opportunity for entry. The Option chain is bearish. Will tak position only if there is a chagne in direction.
The target would be 4000 and SL would be below 3885. that is the swing low as of now. PM me I will guide you for SL and Targets.
bhaskarrao
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@HarmonicsInAction1, thank you very much sirji. for stop loss and target should i follow swing low and swing high. for entry not only prz area but we have to see option chain and i shd take decision. if i am wrong please correct me
HarmonicsInAction1
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@bhaskarrao, Yeah, Option chain suggests if there is resistance/support building or not. It helps in deciding whether the entry price is good or not.
Swing High/Low on the charts acts as support resistance as well. so keeping all these in mind while trading really helps take good decisions.