POSTIONAL TRADE IN L&T FIN SEPT FUT for NSE:L_TFH by manavtechresearch

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trendanalysis indicator 200-dmasupport 200-dma crucialsupport positionalcall futurestrading futures ltfin ltfinanceholdings

POSTIONAL TRADE IN L&T FIN
SEPTEMBER FUTURES
200-DMA SUPPORT
BUY@170
STOP@168
TARGET@174-180
LOT:4500
QTY:1

Trade active

RSI & MACD is giving negative divergence, still what is your opinion for Long ? this is just my qn, i am not challenging your idea Sir ji.

pk99133

@pk99133, actually specify the time frame where you see divergence but understand the trade is justified because if you take 10 trades according to using 200-daily moving average as a support you will make profits 8 out of 10 times.
moreover there was a spike below moving average but had managed to recover from below 200-dma ,
time the markets entry is good because we might see a pullback from these levels to 175-80
risk-to-reward is in favour

manavtechresearch

@manavtechresearch, nice to learn

manavtechresearch

@manavtechresearch, yes , you are right sir ... convinced.