GMR AIRPORTS LTDLong
** Trade Setup for GMR Infra **
Updated
** Trade Plan **
Setup :> Here there is a trendline breakout . So be a Positional Trader in the stock.
Entry :> Should be done on the retest of the trendline
Exit :> Possibly the nearest high shown in the chart.
Stoploss :> The trendline here might work as a support. Stoploss should be kept just below the trendline
Risk : Reward. :> Very Good (1:6)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> At first deploy 2% of the capital at the CMP then deploy another 2% just at the retest . If the retest does not occur then donot add on the buy position. Keeping in mind the stoploss .
Setup :> Here there is a trendline breakout . So be a Positional Trader in the stock.
Entry :> Should be done on the retest of the trendline
Exit :> Possibly the nearest high shown in the chart.
Stoploss :> The trendline here might work as a support. Stoploss should be kept just below the trendline
Risk : Reward. :> Very Good (1:6)
Position Sizing & Instrument to use :> Depends on the capital and BUY in the Cash Segment i mean equity only.
The Trade :> At first deploy 2% of the capital at the CMP then deploy another 2% just at the retest . If the retest does not occur then donot add on the buy position. Keeping in mind the stoploss .
Note
In the Buy position.Trade active
Hold Status till stoploss is met
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.