srikartiram

PHILIPCARB | Trendline breakout & Retested the zone - 60%

Long
NSE:PHILIPCARB   PHILLIPS CARBON BL
PHILIPCARB | Trendline breakout & Retested the zone - 60%

Its not the trendline giving me the conviction in this trade, it is the support zone (Marked)

CMP : 188 (Dip 175)
SL : 160
Target : 285

1:9+ risk reward setup

Big trade - Hence trade with patience.

Comments

Perfect projection, needs some fire in the form of spike in delivery ,,
+1 Reply
As always perfect Analysis! My portfolio is completely painted in red coz of last weeks market fall! Holding with some hope! 😅
+1 Reply
srikartiram ishwaryashanmugam
@ishwaryashanmugam, You should reduce monitoring MTM screen much. Just put SL and target in system. Focus only chart. I hardly login to my broker account 2 days once - unless i'm handling any F&O intraday's.
+2 Reply
@srikartiram, true that
Reply
Will try to inculcate this habit! This will certainly give me some peace of mind!
+1 Reply
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