SBI LONG might be a retracement
Updated
All the details in the chart
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity 1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
Note
ENTRY 534.5 - 535SL :531.5
Note
Trade activated.First target will be 537.5-538
Note
First target done. Stops are at cost now.Second target is at 540 area
Note
2nd target also hit .Trailing SL 536.5 (<=one fourth quantity should be left)
Note
@545 can exit all positions lets see which it will touch first
a) Target @545
b)Trailing SL @536.5
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