TCS Long Setup [Intraday]

Aug 13, 2019

TCS has a 8 point demand zone set at 2180 that sets up for a long trade at 2178.90 with SL at 2169.10 and tp at 2198.60
Intraday trades should be a 2:1 RR although the move towards 1st tp will indicate the strength towards 3:1. Trailing methodology can be adopted once TP is achieved.

Note: Risk 1% of the account size per trade.

Aug 14, 2019

Trade closed: stop reached

SL executed at 2169.10

Aug 14, 2019

Note

Stopped out at market open volatility.

3:1 achieved after SL triggered. View was accurate but execution was poor.