srikartiram

SUMICHEM | Low risk bet - Looks good for 20% (Aggressive entry)

Long
NSE:SUMICHEM   SUMITOMO CHEMICAL IND LTD
SUMICHEM | Low risk bet - Looks good for 20% (Aggressive entry)

CMP : 282
SL : 270
Target : 340

About 1:3 risk reward setup

Comments

should sustain / consolidate at current level for some time that will confirm the up move.
+3 Reply
Hi, incase of channels, should we enter at support or wait for a bullish sign at support levels?
+3 Reply
@suppis, it depends on your trading style. Basically there is no full proof in trading. If you wait for confirmation after bullish sign then you will be called as “Conservative trader, your success rate would be high, but risk reward won’t be great”

In my style I’m an aggressive trader i will take aggressive entries my success rate could be slightly lower but risk reward would be great with my style. That’s the major difference.
+6 Reply
suppis srikartiram
@srikartiram, ohh thank you for explaining 👍
Reply
Bro dont u think that it has retested more than three times and it has more chances to be in a downtrend?
Reply
indyarockshd Still_Learning_Akhil
@Still_Learning_Akhil, it can also be treated as strong support.. depends on ur way of thinking
+1 Reply
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