IGL - #intraday Chart Analysis || 17th May,2023 #stocks

May 17, 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 17th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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May 17, 2023

Trade closed manually

Traded for Intraday Today (17th May, 2023)

IGL (5min TF)
- Intraday Entry Given on 17th May (Wednesday)

Entered Short at 10:00am
✓ Achieved 0.45%
✓ R:R = 1: 1.3
Exited Short at 2:30pm

✓ After the retest to the top of the trendline, there was a clear drawdown candle, which is why we took a Short entry
✓ After the halt candle, we placed the SL above the Trendline
✓ The stock did a pullback and we exited at 2:30pm; when it retested the trendline and went above it

#stocks #intraday #priceaction #followthetrend #intradaytargethit