manavtechresearch
Long

POSTIONAL TRADE IN L&T FIN SEPT FUT

NSE:L_TFH   L&T FINANCE HOLDIN
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.
Reply
@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
Reply
jayaprakashr_2000 manavtechresearch
@manavtechresearch, nice to learn
Reply
pk99133 manavtechresearch
@manavtechresearch, yes , you are right sir ... convinced.
Reply
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