Gateway : Short-term trade setup !

Hey Guys,

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This is short term trade setup, so if you have the patience to hold a stock for 1 to 3 months, then this will be useful for you. Well, even if you don't have patience keep it on your radar n see how this goes. I have mentioned 5 points to trade this GDL ( Gateway Distriparks), follow that & do own analysis also.
Its just simple support zone based setup, so after we get bullish signal we will get long in Gateway. If there is no bullish sign no issues, we won't be in trade at all. What if we get bullish sign & GDL reverses after we enter. Cool, that can happen, anyway we know our risk which is just around (11 points ) so even if you trade 100 shares, its hardly Rs .1100 on potential profit of Rs .3000. {100 shares is an example pls don't ask My position size :) }
If you plan to enter make sure you never change your stops or targets or early booking for profits, or early closing bcos market goes down. Once you analyze & decide on target n stops, never never change that, even the world turns upside down don't change that. That's Bad Habit ! Because you decided to take 11 point risk & 30 point reward, then why you want to change ? Never change your decisions.

Do your analysis, check whether the 11 point risk over 3 months for 30 points is good or bad, Then decide on the trade. Lets see whether Gateway ( GDL ) gets away to stops or Targets !
According to my view, This stock is in a complete down trend. It doesn't mean your long trade won't work. but it's a lower probability trade. It may bounce from 205-225 level.
+1 Reply
InsiderB RishiAjmera
Possible Boss... as I mentioned above (i) I may never get an entry or ( ii) I get Entry n it can hit My stops/target ! Anything can happen, its just that we have an idea to trade.
RishiAjmera InsiderB
Agree. possibilities. Anyways I hope it should work if you take position! :D
InsiderB RishiAjmera
Thank you Boss :)
It is a common mistake in drawings that the target arrow is not matching with the time line.The angle of arrow should be adjusted in such a way that the head of the arrow should come around the expected date.
+1 Reply
InsiderB ajayww2
Ha ha... here after I should add the note as lines are purely for charting (directional purpose) not indication of Dates. No offence dude, the intention of arrows never indicate Date or Price point.
Hey Dude...You are right there is a divergence in 1 hrs chart.
+1 Reply
InsiderB udaya.gujaran
Thanks dude.. I'm planning this gateway short-term holding , so in 1 hr anything may happen but our interest on higher timeframe !
One hour is for entry
+1 Reply
InsiderB udaya.gujaran
oh I got your point, but I prefer 4hr or Daily for entry , Just My opinion bro :)
+1 Reply
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