NSE:INDUSINDBK Entry 500.1 Target 548.8 SL 483.8 Stock cmp is 505 and stock is entering in demand zone. price below 500 is good demand zone. stock is in uptrend, buy and hold for the 8-10 trading days.
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Entry price triggered.
Trade active
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Very beautiful bounce back in price observed today at Rs 500, which was our entry price.
Sir
Can u pl clarify what is the amount that u r mentioning in target?
praveen.gupta
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@gsiva, Hi Rs 548.8 is target price , qty depends on your buy capacity , please write more clear question.
gsiva
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@Praveen.gupta, That I understood. What I am asking is, If I move the cursor over the chart in the green marked area, target points 48.70 with amt 51412.3 is getting displayed. What is this amt 51412.3 represent?
praveen.gupta
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@gsiva, Hi Thanks for asking a nice question , even i had not paid minute attention on how this figure is displayed . The calculation is as follows.
Initial Investment planned 50,000/
Risk Rs 500/-
Purchase qty 29
Profit 548.8 - 500.1 = 48.7
Total Profit = 48..7*29 = 1412.3
Amount at Target = 50,000+1412.3 = 51412.3
Amount after Target Profit Rs 51412.3
Amount after SL Rs 49507
Can u pl clarify what is the amount that u r mentioning in target?