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 2198.60Intraday 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.
Trade closed: stop reached
SL executed at 2169.10Note
Stopped out at market open volatility. 3:1 achieved after SL triggered. View was accurate but execution was poor.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.