Power Grid Long

Good risk reward ratio is available at present level.

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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 prices
Comment: 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.
Comment: Correction: 1 ATR is 1.51 not 0.51; hence SL should be at 172.69.

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