Long IDFC First | Book 50% at TP, wait for 2nd break
IDFCFirst after a downtrend and consolidation has now taken a swing to test it's previous top.
Can take out 50% at Target Price and observe, price may consolidate again and go higher from TP; you can add to your position in this case (excluding your profits), if prices breaks down book remaining and exit trade; you can even trail 50% stop loss with ATR
R:R > 2
Max Capital Risk 1%
Can take out 50% at Target Price and observe, price may consolidate again and go higher from TP; you can add to your position in this case (excluding your profits), if prices breaks down book remaining and exit trade; you can even trail 50% stop loss with ATR
R:R > 2
Max Capital Risk 1%
Trade closed: stop reached