MAM WHERE SHOULD BE THE STOPLOSS? I'M A COMPLETE BEGINNER TO STOCK MARKET.. PLS BEAR WITH ME.. AND THANK YOU FOR SHARING YOUR GREAT IDEAS.. :)
Zeeshann
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@jijoycanto, I am also not an expert at this but let me help you : If you are shorting in futures then easy target should be 2808 so total points is 3146-2808 i.e 338 so looking at this stop loss should be atleast 100 points from 3146 i.e 3246. If ur doing intraday then keep a risk reward of 1:2 and enter a trade. Please follow stop loss and don't "hope trade". Hope this helps
jijoycanto
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@Zeeshann, I'm doing intraday brother... so what should be my target and stop loss?
Zeeshann
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@jijoycanto, on 15 mins time frame if you find a tail bar near the level of 3254 then short it and keep the high of the tail bar as stop loss and keep riding
Zeeshann
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@Zeeshann, colour of tail bar does not matter and remember the importance of the tail bar near 3254 not randomly anywhere it has to form near resistance
jijoycanto
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@Zeeshann, ook brother... thankyou for your support!