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

HCL TECHNOLOGIESNSE

Description

⋅ Aug 5, 2021 8:12 AM

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

⋅ Sep 9, 2021 8:25 AM

Comments

elancheran

⋅ Aug 5, 2021 2:07 PM

1:3 means.. can you explain

ashirwad09

⋅ Aug 6, 2021 3:03 AM

@elancheran, that means your target would be around 200

srikartiram

⋅ Aug 6, 2021 4:46 AM

@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.

elancheran

⋅ Aug 6, 2021 7:34 AM

@srikartiram, thanks got it

damacherla

⋅ Dec 16, 2021 11:26 AM

@srikartiram, I entered @1076 and closed @1276 700 shares with 1.4 lac profit. Thank you

acc4trading786

⋅ Aug 5, 2021 12:49 PM

Was waiting to enter this trade today but it didn't close strong.
May be it will now retrace for some time .