Stock-Holmes

NAVIN FLUORINE.... BULLISH.... 1:10 risk reward trade

Long
NSE:NAVINFLUOR   NAVIN FLUORINE INT
We can see a symmetrical triangle forming in the charts. The script is at the support trendline. Good for positional trade.
Stoploss 3540.
Target 4150. (15%)
Risk reward- 1:10
Trade active: My last two ideas had given 5% returns in just one day. I'm booking my profits here. If it breaks out above 3800, I'll re-enter for a target of 4150.
Trade active: 10% Profits so far....
Trade closed: target reached: Bang on!!! Target reached... 15% profits in just 6 trading days.

Comments

You are perfectionist....
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Stock-Holmes retirerichashimmurmu
@retirerichashimmurmu, Hi.. Thank you for your comment. One can predict the market but cannot time it perfectly. Technicals do work at least 80% of the time. We can be successful with the proper selection of scripts along with good risk management. I hope we all learn the system and become successful traders. All the best!
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@Stock-Holmes, Thanks
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great going
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Timeframe?
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Stock-Holmes retirerichashimmurmu
@retirerichashimmurmu, Hi.. I'm sorry. I missed your message. The script is rallying and looks like it had already given a breakout. The target still remains the same. The script may give a retracement now or may continue to march ahead. The resistance line should act as a support.
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@Stock-Holmes, Thanks for your pleasant response....
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Stock-Holmes retirerichashimmurmu
@retirerichashimmurmu, It's my pleasure. All the best.
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