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nsdtrading
May 30, 2021 11:59 AM

Retesting breakout levels, taking support on daily trend line Long

NSE:POWERGRID60
POWER GRID CORPNSE

Description

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CMP: 226, T231, SL:222

Study: Price is retesting previous breakout levels and also is resting on daily trend line.

Trade closed: target reached

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Support and ResistancePivot PointsTrend Lines
Comments
Hemuaa
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4 point ka sl or 5 point ka target...
bhai ye R:R kuch kam nai hai ?
nsdtrading
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@Hemuaa, It depends on individuals risk taking, I take trades that lie anywhere between 1:1 - 1:3 risk to reward. Problem is when your risk is higher than reward. I also posted trades where R:R is 1:3, if safe traders then one can study those trades.
Hemuaa
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@nsdtrading bhai ye to chal hi nai raha...1:1 bhi nai diya abhi tak
nsdtrading
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@Hemuaa, Patience is key! target reached
Hemuaa
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@nsdtrading, yes bhai...great call
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