stop loss at last swing 502 target is 650 & entry =540 to 555
stop loss =20-25 rupees & target =100 rupees so RR will be 1;4
DONT FORGET TO PUT STOPLOSS BECAUSE IT SAVE US TO BIG DRAW DOWN
loss must be around 4-5% & if you have strong belief on ur analysis then it will be 8%
if it is going below your line take your loss it will recovered in upcoming good trades
Because 10% loss requires 11% gain, 20% loss require 25%gain, 50% loss require 100% gain & 90% loss requires 900% gain to get back break even.
managing the down side is more important than upside
Now strong confirmation is there because of supply checking at price 502 & got back and closing in support zone 16 aug (9;15)