Equity-Earningz

Havells Entry 624

Long
NSE:HAVELLS   HAVELLS INDIA
Havells Entry 624
Stop-loss - 610
Target 765

Risk-Reward 1: 8.7
Risk 2.24% - Reward 22%

Havells trading at 624, took support around 622-630 zone multiple times in the last 6 months.
The primary trend is very strong, so utilizing this dip to get in the trend.
Trade active: If you trading set-up doesn't scare you, it will be rarely profitable.

Comment:
Comment: * Risk Reward is 1:10
Comment: Havells Result Gap Down.
Comment: Stop-loss triggered in the gap down opening. My position is Stuck and open with stop 588.

This happens gap down and gap ups are needed to handle. Stop-loss of 610 was triggered in the gap down. Price was trading at 595 in the opening from yesterday's close of 616.
Trade closed manually: Havells trading at 600. Now exiting the futures position. Initial stop was 610 which was triggered by gap down opening. So now exiting position at 600.

Not playing with Stops.

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