ESCORTS - #intraday Chart Analysis || 18th May,2023 #stocks

May 17, 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 18th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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May 18, 2023

Trade closed manually

Traded for Intraday Today (18th May, 2023)

ESCORTS (5min TF)
- Intraday Entry Given on 18th May (Thursday)

Entered Short at 9:45am
✓ Achieved 0.6%
✓ R:R = 1 : 2.5

✓ After the gapup, I waited for the stock to settle and there was a clear ORB breakdown
✓ Took an immediate entry on the ORB breakdown and kept the 1st target till yesterdays low and a 1:4
✓ However, the stock started to reverse all the way back to my Buy price and that was the liquidity zone.
✓ So when it came back down I exited at the yesterdays low target, because you should take what the market gives you; especially the second time around

#stocks #intraday #priceaction #followthetrend #intradaytargethit