hi sir today the stock didn't move a lot on the upper side and didn't seem strong. Do you still feel it is a buy for the target of 300? plz do reply
srikartiram
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@nidheeshdnair, If you feel its not strong you can consider ignoring this trade and take different one. I focus only on the chart levels. The level dint breached last day, i'm holding it still.
nidheeshdnair
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@srikartiram thanks a lot sir. I have bought 300 ce of the stock. Even I am still bullish on it wanted to know your view.
daya448
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Hi Sri,
Can we trade this in a future lot?
As an experienced trader, can you suggest if trading in futures is preferable or in cash?
Thanks
srikartiram
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@daya448, The lot value is almost 8 lakh. According to this pattern or setup the stoploss is 3%. So if the trade goes against us we may lose 25000 approx in futures.
I wont risk more than 2 to 4% of my capital in one trade. if your capital is 10 lakh yes it's worth taking in futures , otherwise just deploy 10% of your capital in this stock in cash market itself. you can partially book profits, trail stoploss for more upside and many benefits are there.
I'm a risk reward guy - you can see I alwsys focus on the risk that's why I mention the setup risk rewards in all the charts
daya448
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@srikartiram, yeah I understand. Importance to risk management is also a key factor. Thanks Sri for taking your time for this write up. Cheers