How to enter exit a stock after fresh entry -
Example - #SBIN
Pic 1- Suppose we enter a stock below after breakout, also volumes have built up nicely at entry.
Pic 2- Keep trailing the stock until previous low is not broken, in example (see red, green line which will be our TSL). Stock broke the TSL at blue line which will be our exit point.
Pic 3- Another way to exit is by applying fibonacci extension from high to low (as marked near entry points). The exit comes when the stock breakdown at 1.618 or 2.618. So our exit comes at breakdown of 2.618 in given example.
#Nifty #TradingView #StockMarket #trading
Example - #SBIN
Pic 1- Suppose we enter a stock below after breakout, also volumes have built up nicely at entry.
Pic 2- Keep trailing the stock until previous low is not broken, in example (see red, green line which will be our TSL). Stock broke the TSL at blue line which will be our exit point.
Pic 3- Another way to exit is by applying fibonacci extension from high to low (as marked near entry points). The exit comes when the stock breakdown at 1.618 or 2.618. So our exit comes at breakdown of 2.618 in given example.
#Nifty #TradingView #StockMarket #trading