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 NSE: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..