HEG (1D TF) - Swing Trade Analysis given on 20th May, 2024
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress
(Might come back to the Trendline for a Retest so be careful and do not enter in FOMO)
* Disclaimer
Pattern: FALLING WEDGE BREAKOUT
- Trendline Resistance Breakout - Done ✓
- Volume Buildup at Resistance - In Progress
- Demand Zone Retest & Consolidation - In Progress
(Might come back to the Trendline for a Retest so be careful and do not enter in FOMO)
* Disclaimer
Trade active:
HEG LTD Update - 21st May, 2024
✓ 6% Up in 1 Trading Sessions
- First Target Level achieved
- Had taken a partial entry at the Demand Zone marked out
- Pyramided into at the break of previous sessions high
- TSL at cost
* Disclaimer
✓ 6% Up in 1 Trading Sessions
- First Target Level achieved
- Had taken a partial entry at the Demand Zone marked out
- Pyramided into at the break of previous sessions high
- TSL at cost
* Disclaimer
Trade closed manually:
HEG LTD Update - 23rd May, 2024
✓ SL Triggered at Cost
Reasoning for the fall:
- The results were weak and hence this tumble
- Even though both my Target Levels were Achieved yesterday
- I had left my SL at Cost and did not raise it upwards (my mistake for not booking some profits atleast in time)
- This is why TSL's are important (for profit booking)
- Don't Overthink your Trades
Become Emotionless
* Disclaimer
✓ SL Triggered at Cost
Reasoning for the fall:
- The results were weak and hence this tumble
- Even though both my Target Levels were Achieved yesterday
- I had left my SL at Cost and did not raise it upwards (my mistake for not booking some profits atleast in time)
- This is why TSL's are important (for profit booking)
- Don't Overthink your Trades
Become Emotionless
* Disclaimer