Expecting the stock to move towards its pre-covid highs, but due to uncertainty, the first target can be at 177. SL at 135.5, giving RR of 3:1 at CMP.
The stop loss can be trailing and cut half the position at target, to reduce risk on profit earned.
The stop loss can be trailing and cut half the position at target, to reduce risk on profit earned.
Note
Wrong Title, the stock is Jindal Steel and PowerNote
Trailing stop loss to 149Trade closed manually
Closed the trade manually at 157.9I thought the market was going to sell off a little more and hence, sold at the day's high point.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.