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srikartiram
Sep 5, 2021 3:19 PM

IFBIND | Trendline breakout - Looks potential for 35% Long

IFB INDUSTRIES LTDNSE

Description

IFBIND | Trendline breakout - Looks potential for 35%

CMP : 1060
SL : 985
Target : 1445

1:5 risk reward setup
Comments
MrReddy24
what is 1:5 risk reward setup?
srikartiram
@MrReddy24, Risk reward is term used in trading, example in this trade - the risk is 75 points, reward is 385 points from the current market price (1060)

That is 1:5 ratio..I won't take any trade if there is no 1:3 risk reward setup. So that even if the 50% of my trade fails, we will still be in profit net wise.
MrReddy24
@srikartiram Thank you so much
yann90
grasim view
srikartiram
@nyan45,


GRASIM | It has to cross 1610 and retest the level. We can take position or wait for trendline support @ 1480-1490
patkirajesh68
what will be period for achieving target
srikartiram
@patkirajesh68, Can take 2-3 weeks - Its daily time frame. Please don't try to time the market.
SSR1999
you can lose 1 rupee if trade goes southwards but can gain 5 rupee if trade goes as plan.
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