raj_rishav

Power grid - long

Long
NSE:POWERGRID   POWER GRID CORP
Risk averse strategy: Buy at 164
Riskier: Buy now with SL at 161.5
Trade active: Buy triggered
Comment: T1 - 167
T2 - 170
T3 - 172 (0.618 Fib retracement level)
Comment: Those who missed the positions - See if it sustains with some Doji Highways on the 15 min charts - Now is a still a good time to enter with the stock perched at VWAP after initial jump. More often than not, momentum prevails & FIB levels are also supportive. Trade in futures or call options for overnight.
Comment: I realise that came across as a trading advice. Please trade at your risk - doing your analysis. I already took positions :)
Comment: T1 T2 done, SL updated to 168
Trade closed: target reached: Intraday positions closed!I am Long on options for T3
Trade closed: target reached: Will stay in to take advantage of momentum - target 174.5

Comments

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