The price has broken through a resistance level following strong buying activity, after shakeout.
- Entry Price: ₹500.Stop Loss:System Stop Loss: Set at 10% below entry, i.e., ₹450 (₹500 - ₹50).
- Risk Tolerance: Maximum risk capped at 8% (₹40), which corresponds to a price of ₹460.
- Manual Exit Rule: If the price closes below ₹458 (8% risk level) for one full trading day, exit the trade manually.
- Buffer: A 2% gap is provided between the risk level (₹460) and the system stop loss (₹450) to account for minor fluctuations.
- Trade Termination: The trade will be exited if either:
The price hits the system stop loss at ₹450, or The price closes below ₹458 for one trading day.
- Minimum Target: 20% upside from entry, .After book half position other 50% trailing with moving average.
- Indicator Used:
insideandup Pythagoras Moving Average.&
Up down volume , link -
Chaitanya M.
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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.
Chaitanya M.
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.