We have reached decent way through to the Target 1 which is at 108 .
Now the Reason for the post is to my followers of the trade idea - It would be good to reduce risk on the stock and move stop loss to the suggested level in trade box Or you can book profits in the coming days and come out of the position.( It does not mean my sell outlook on the stock has changed...my bias is still to sell side only)
There are plenty of other great opportunities cropping up for which we may require to add risk on the table.
As a professional trader the most important is to manage risk.
Lets keep the Gun powder dry till an new opportunity to shoot comes through
@VahniTrading, target i mean how much will it go down 115 110 105? thanks
VahniTrading
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@TUSHARINTRINSIC, The 1st target is 108 and initial SL is 140 , i will keep trailing stops and monitoring closely for reversals...On the other hand technically it is possible to go even lower