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Buy above 970 (Day High) for 980 (50% Fib Retracement level), 988, 1000 & 10 point TSL after that till 1055.
Sell below 953 for 945, 940 (Long term Value Price), 930.
Refer the linked LT idea on more details on LT Price Action & Fib Retracement
Disclaimer:
These are NOT trading advice!
The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement.
& If the idea makes sense to you - like it & share comments :)
Comment:
L&T receives orders for Submarines
Trade active
Comment:
Holding Positions. SL - 953
Trade closed: stop reached
Comments
my analysis is same but why it is Gap down boss?
any reason or what you think about it cuz im holding position on 977.
kindly share your views on it
any reason or what you think about it cuz im holding position on 977.
kindly share your views on it
Reply
@NTP007, can't comment on the Why - trade with a SL - hard SL. Book Loss is my mantra - explaining the Why's of the market is beyond me.
It should definitely get up back again if you are holding Delivery stock and not futures/options which have expiration. It will definitely go above 1000 - so hold patiently.
I exited because I was holding long position on call options - The theta itself is damaging on them.
It should definitely get up back again if you are holding Delivery stock and not futures/options which have expiration. It will definitely go above 1000 - so hold patiently.
I exited because I was holding long position on call options - The theta itself is damaging on them.
Reply