PTC buy setup - Tiny risk for huge reward Long

NSE:PTC1D

PTC INDIA LTDNSE

Description

⋅ Aug 28, 2018 4:36 AM

Buy PTC at CMP (88.5)

T1: 98
T2: 110

SL: 86

Trade closed: stop reached

⋅ Aug 28, 2018 8:51 AM

Comments

riyase77

⋅ Aug 28, 2018 5:50 AM

please post the analysis as well. Any pattern? RSI? CCI?

k314

⋅ Aug 28, 2018 6:07 AM

@riyase77, inv H&S

kamy4profit

⋅ Aug 28, 2018 7:38 AM

@trex88, tomorrow ptc will be ex-bonus.
SL should be adjusted accordingly right?

k314

⋅ Aug 28, 2018 7:52 AM

@kamy4profit, No adjustments in SL

Rasika_S_Patel

⋅ Aug 28, 2018 6:02 PM

Nice analysis but SL is too small and going by inverted head and shoulders pattern the stop loss could go below the right shoulders. Would like to know your view on this.

Thanks,
Rasika Patel

k314

⋅ Aug 29, 2018 5:17 AM

@Rasika_S_Patel, yes SL was tight to minimize the risk when analysis goes wrong.
You are right about the SL placement for inv H&S pattern.