PNB buy setup (risky counter trend trade) Long

PUNJAB NATL BANKNSE

Description

⋅ Mar 19, 2018 7:33 AM

Buy PNB at CMP (96+)
This is a risky counter trend trade so its safe to go long in tiny position size in cash market.

SL: 91
Target: 120

Trade active

⋅ Mar 27, 2018 7:56 AM

So far it made a high of 100

Comment

⋅ Apr 9, 2018 9:23 AM

Made a high of 105.40

Comments

dcchakravarty

⋅ Mar 19, 2018 10:41 AM

Hello What the indicator (osc) you are using please?

k314

⋅ Mar 19, 2018 10:49 AM

@dcchakravarty, Its stochastics.

dcchakravarty

⋅ Mar 19, 2018 11:47 AM

@trex88, Thank you, its RSI + Stochastics. what is the settings please.

k314

⋅ Mar 19, 2018 2:30 PM

@dcchakravarty, i have combined RSI, Stoch and MFI under single Oscillator indicator using pine script. I can select whichever oscillator i want with a click of a button without having to choose indicators from the library

dcchakravarty

⋅ Mar 19, 2018 4:38 PM

@trex88, Very nice can you share your strategy the indicator details which helps you to decide the trade. This would really help new traders like me.

SunilDhawan

⋅ Mar 25, 2018 4:44 PM

i wish to see it at 70 for blind long term entry

k314

⋅ Mar 26, 2018 2:59 AM

@sunildh20, cool :)

vikas1985

⋅ Mar 25, 2018 8:15 PM

can we move the sl to 89.70 will be better.

k314

⋅ Mar 26, 2018 3:00 AM

@vikas1985, risk management is left to your analysis sir :)