NSE:POWERGRID   POWER GRID CORP
After taking the stop loss by few pips, Powergrid went long in last Ideas " Who moved my CUBE?" 158 to 190. now again stock has given another low risk high reward opportunity. This is a V type of Setup. To understand this setup tutorial on V type of trade was posted and is available in published idea section.
Though market is looking very bullish but still going by the system, V type trade opportunity cannot be avoided, hence from market's perspective keeping the idea title as "V for Vendetta". Stop loss will be few pips above last high 191.00 (i.e. 193-189=4 points stop loss). This zone is supply zone also hence going by the general wisdom of market geometry mentioned below the 1st Target can be median line of pitchfork .

"Don’t try and sell the TOP, Wait for a reaction and if it is not a strong reaction (if it does not take the high) then sell the reaction high.

"This is my trading journal, not a trade recommendation. I will be Posting and updating the ideas regularly, as market progresses, only for educational purposes for me and others who want to benefit from my experience.

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 or futures and I shall not be 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. Consult your financial advisor prior to investing is stock market.

This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
Trade closed: stop reached: UNEXPECTED MOVE..STOP LOSS TAKEN...BUT STILL THE TARGET IS RED MEDIAN LINE. TAKEN SHORT POSTION AGAIN.,
Comment:
Trade closed: stop reached: Idea failing
Comment: Diamond formation?
Comment: BOUGHT 195CE-1LOT AT 3.5; SOLD 210CE-2 LOT AT 1.35 EACH AND BOUGHT 215CE-1 LOT AT 0.90
Comment: SHIFTED TO NEXT MONTH OPTIONS

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