Power Grid Long
Updated
Good risk reward ratio is available at present level.
DISCLAIMER:Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks, options or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
DISCLAIMER:Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks, options or futures and sandeepkumarmeena is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information.
This is one person’s experience, your experience may differ.
Trade active
Market structure is still strong; May expect parabolic move in coming days, or else a sudden fall in pricesNote
Limit Buy orders are placed at 176. There is a possibility of sudden whipsaw when these orders are filled and there will be no one to buy, in that case prices may fall suddenly and then rise again towards upper targets. Lets hope this time our stop loss holds. we can move our stop loss to few points below last swing low. Can keep Stop loss 0.51 (1 ATR -55 period simple moving average) below 174.2 i.e @ 173.69. Remember in this trade Risk reward is very high hence we may not be missed out of this trade because of just few pips.Note
Correction: 1 ATR is 1.51 not 0.51; hence SL should be at 172.69.
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