Equity-Earningz

Trading an Inside Bar After a Triangle Breakout - Continuation

Long
NSE:MIDHANI   MISHRA DHATU NIGAM
Long Above 236
Stop-loss 219

Target: 321

The Minimum Price target is 278. But that's not where we should exit. After an entry, hold the stock until the trialing stop-loss gets hit, or 1:5 RR is achieved. There are plenty of techniques and tools to trail the stop-loss. One can trail the stop according to his/her risk appetite. I'll update the idea about trailing stop-loss after an entry.

Apply money management, risk management, and position sizing before short term investing or trading in cash stocks.
Don't invest more than 5% of your capital in a single stock.
Comment: Trading set-up is still valid for long entry until the price doesn't break the lower line.
Order cancelled: Trading set-up negated.