paddymajhi

most favourable 1:3 but not proper setup yet

Long
NSE:REDINGTON   REDINGTON INDIA LTD
just assuming stock is near 52 weeks high that too is a new high
now stock moving in uprising parallel channel with previous swing support and resistance

just entering at CMP /near stop-loss minimizes loss when we convict a move this system is used by short-term call providers of the various institution.
along with this when the result is assumed to be good rather than excepted we can get an early entry.

early entry - cmp /142
stop loss - when trendline break or closing candle below 138
target - 168 - 178 - all new high