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onerighttrade
Oct 14, 2021 2:49 AM

FY21-22 Swing Trade Idea #193: Long on GREAVESCOT  Long

GREAVES COTTON LTDNSE

Description

This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.

Trade active

got entry, trade is active

Trade closed: stop reached

SL hit, Out of trade
Comments
athmiya16
Good analysis,
but selection of SL is quite high, I felt 126.25 is the good stop loss point.
onerighttrade
@athmiya16, The SL was hit way back and I exited as soon as SL was hit. I don't bother anymore because I had more than 25 stocks at that point of time,. 1 stock profit/or loss does not make a big difference for me. I play on law of large numbers.
Aashish1926
How do you arrive at the target?
Fibonacci or support / resistance zone?
RR Ratio?
onerighttrade
@Aashish1926, different for different charts and setups, for this one, I am targetting previous distribution zone
Aashish1926
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