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Mo-Kri
Sep 26, 2022 5:29 AM

SBI LONG might be a retracement Long

STATE BK OF INDIANSE

Description

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

Comment

ENTRY 534.5 - 535
SL :531.5

Comment

Trade activated.
First target will be 537.5-538

Comment

First target done. Stops are at cost now.
Second target is at 540 area

Comment

2nd target also hit .
Trailing SL 536.5 (<=one fourth quantity should be left)

Comment

@545 can exit all positions
lets see which it will touch first
a) Target @545
b)Trailing SL @536.5
Comments
AMIT-RAJAN
Good one
Mo-Kri
@AMIT-RAJAN, Thank you .
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