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Palkesh_Agrawal
Oct 28, 2021 1:46 AM

[POSITIONAL] M_MFIN LONG BET  Long

MAHINDRA &MAH FINNSE

Description

risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings

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Order cancelled

Wait for re-entry
Comments
StockWhizzer
Buy price?
Anurag2907
Made long position today in Nov Fut. What should be the SL?
StockWhizzer
220 by Nov end?
Palkesh_Agrawal
@StockWhizzer, 192-196 is a strong supply zone, if it breaks this level then 220 will be like cake walking :)
StockWhizzer
Will taking a chance for 240 worth or will reverse from 215/220?
StockWhizzer
@Palkesh_Agrawal has the cake walk started? :)
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