STATE BANK OF INDIAUpdated Positional - Trade in the direction of market
Same script as the last one linked below. Why change something that worked well.
Short below 190 for 188, 186, 184.5 with SL at 192.5
Go Long above 192.5 for 194.5, 195.8 with SL at 190
Trade with a strict SL & a stricter trailing SL for intermediate targets - both upside and downside can see large movements beyond the targets mentioned & only to retrace quickly due to large Beta.
In-case of gap openings, follow ORB in market direction.
Short below 190 for 188, 186, 184.5 with SL at 192.5
Go Long above 192.5 for 194.5, 195.8 with SL at 190
Trade with a strict SL & a stricter trailing SL for intermediate targets - both upside and downside can see large movements beyond the targets mentioned & only to retrace quickly due to large Beta.
In-case of gap openings, follow ORB in market direction.
Trade active
Sell triggeredTrade closed: target reached
Trailing SL hit at 188
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.