Trade Setup: This is a Contra trade.. IDBI was falling and now it engulfed previous day candle with volume. Can be traded on long side..
Buy Zone: 32.20 - 32.50
Target and SL =As per Chart
IDBI
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Buy Zone: 32.20 - 32.50
Target and SL =As per Chart
IDBI
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
