Equity-Earningz
Long

JINDAL SAW LTD : DOUBLE BOTTOM

NSE:JINDALSAW   JINDAL SAW LTD
1. ENTRY : 86.15 ( Closing above the neckline )

2. Minimum Price Target : 102.80 ( Adding the difference between highest high made and lowest low during the formation to The Neckline )

3. Stop loss : 70 (Usually, price closing below the second bottom is a stop-loss.)

https://in.tradingview.com/chart/NIFTY/l...
Comment: JINDAL SAW made a high today 101.90.
Target Just missed by 0.90 Paisa
Yet Another 18% Roi in 52 days.
Price Surged to 101.90 From 86.10.
Chart Patterns Picked Carefully will always give good results.
It Will always helps in absorbing Markets & Index Volatility and keeps you in Trade.
Comment: It missed the target by just 0.90 Paisa. And it was 18% Gain.
Target missed by few paise And same day it was down almost 8% form Top same day. We can not sum up as profit booked.

But now Revise SL @ 90. If Today it closes below 90, Then it's a Final Exit.
Trade closed manually: Jindal Saw Entry Price was 86.15,
Price Made a high of 101.90. Almost 18% Rise.
Missed Target Price by just 0.90 Paisa.
And same day stock was down 8% form High.

So THE TRUTH IS, Nobody could have booked profit at 101.90 and waited for 102.80.

Now stock started falling. Since it's almost achieved its minimum price target, hoping that it will rise again is not a wise decision. The stock completed its move as we anticipated. Will go up again? yes, it can who knows but our pattern target already almost achieved and UNFORTUNATELY, it fell sharply.  so rather hoping that it will rise again. We Must exit at whatever return we are getting for it. 

THERE WILL BE LOT OF UNFORTUNATE MOVES IN STOCK MARKET, BUT WE MUST NOT GET CARRIED AWAY WITH IT.

It's not Patterns or Strategies that make money, Its trading and investing with Discipline that makes us profitable.
Comment:
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