RAMCOCEM - Intraday Trade || 31st May, 2023 #stocks

May 31, 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 31st May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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May 31, 2023

Trade closed: target reached

Traded for Intraday Today (31st May, 2023)

RAMCOCEM (5min TF)

Entered SHORT at 10:10am
✓ Achieved 1.15%
✓ R:R = 1 : 4
Exited SHORT at 11:10pm

✓ The stock opened with a large red wick candle and the subsequent candles did not break days high or low
✓ The candles were making a symmetrical triangle
✓ On the breakdown of the triangle, we entered Short with SL above the breakdown candle
✓ Target was 1:4

#stocks #intraday #priceaction #followthetrend #intradaytargethit
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RAMCOCEM Update @ 2pm

This trade has moved so perfectly well in our direction. This would have give you an easy 1:7

TSL is the best way you can maximise your profits.