IRCTC - Intraday Trade || 30th May, 2023 #stocks

May 30, 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 30th 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 30, 2023

Trade closed manually

Traded for Intraday Today (30th May, 2023)

IRCTC (5min TF)

Entered SHORT at 10am
✓ Closed the trade
Exited SHORT at 11:45Am

Re-entered LONG at 11:55am
✓ Achieved 2.1%
✓ R:R = 1 : 4
Exited LONG at 12:10pm

✓ The stock opened with a large red wick candle and below yesterday's close
✓ On the pullback we entered for a Short trade
✓ However, market made a solid pullback and so we exited
✓ Re-entered when HH and HL formation was made,
✓ Entered with a small SL and target was 1:4

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