TradeRyteStockz

JINDWORLD- Swing Trade || 14th May, 2023 #stocks

TradeRyteStockz Updated   
NSE:JINDWORLD   JINDAL WORLDWIDE
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Swing Trade Idea levels for 14th 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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Trade active:
Traded for Intraday

JINDWORLD (5min TF)
- Intraday Entry Given on 15th May (Monday)

Entered Long at 9:55am
✓ Achieved 3.14%
✓ R:R = 1:4
✓ TSL is on

✓ Waited for the market to settle and a clear pullback candle
✓ Entered after the consolidation break
✓ Target was 1:4

#stocks #intraday #targetshit #priceaction #followthetrend
Trade active:
Traded for Intraday Today (16th May, 2023)

JINDWORLD (5min TF)
- Swing Entry Given on 14th May (Sunday)

Entered Long at 9:50am
✓ Achieved 1.6%
✓ R:R = 1 : 3

✓On the 5min TF, a clear Falling Wedge pattern was forming and as soon as the trendline was broke, I placed the entry above the pullback candle with the SL below the previous large red candle as per my risk management
✓ Entry triggered with SL below the logical stoploss
✓ Target was 1:4, but when the lower lows were forming, it went into a Symmetrical triangle and I exited on the retest of the bottom trendline at 10:55am

#stocks #intraday #targetshit #priceaction #followthetrend

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