srikartiram

HCLTECH | Breakout after 7 months range - Looks good for 18%

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NSE:HCLTECH   HCL TECHNOLOGIES
HCLTECH | Breakout after 7 months range - Looks good for 18%

CMP : 1068
SL : 1000
Target : Open or 1:3 minimum

1:3 risk reward setup

(Profit potential calculated based on consolidation range)
Trade closed: target reached

Comments

1:3 means.. can you explain
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ashirwad09 elancheran
@elancheran, that means your target would be around 200
+2 Reply
srikartiram elancheran
@elancheran, 1:3 is a risk reward ratio.

Here the stoploss is 68-70 points. So i suggested to book profit at Sl Points x 3 times which is (70 x 3 = 210)

I always focus on risk reward so its my habit to mention risk reward ratio's in charts i'm posting.
+3 Reply
elancheran srikartiram
@srikartiram, thanks got it
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Was waiting to enter this trade today but it didn't close strong.
May be it will now retrace for some time .
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