Reason for long
a) Mr.14 Set up
b) Fundas okay
c) Channel support
d) Super vwap breakout
e) TL breakout
f) Good engulfing candle with increasing volume bars
g) If broader market support, probability of hitting T1 is very high; otherwise it may be in ABC down trend. Hence SL and position sizing compulsory
a) Mr.14 Set up
b) Fundas okay
c) Channel support
d) Super vwap breakout
e) TL breakout
f) Good engulfing candle with increasing volume bars
g) If broader market support, probability of hitting T1 is very high; otherwise it may be in ABC down trend. Hence SL and position sizing compulsory
Trade closed: stop reached