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H-setup

ASHOK LEYLAND --INTRADAY SETUP --09/11/022ASHOK LEYLAND --HOURLY CHART --INTRADAY SETUP 1. on hourly chart trend line breakout seen in last hourly candle 2. upper channel seen on chart as trendline support taken and upmove may seen on curren level 3. stock seen support of channel near 147 and resistance of channel 152-155 4. trix line seen bullish crossover at current level 5, trade above 21 hma on hourly chart 6. one can initiate Buy at cmp 148 for intraday target 150-152 stop loss can be place bellow support of channel 145.75 THIS IDEA IS FOR EDUCATIONAL PURPOSE .........trade at own risk .!! HAPPY TRADING !
NSE:ASHOKLEYLong
by champtrade111
A Very Low risk setup in SKFINDIAHello everyone! Now is the best time to go long in SKFINDIA. I have been tracking this stock since July'22 and it has given a fabulous one sided rally of 35% since then, it is going through consolidation from last 2 month(pl. go through chart for probable target and SL). Someone might consider it after breakout from trendline but I personally prefer a low risk setup even with slightly less probability as after breakout the probability will increase but the risk to reward will be not as good as now. Let us understand this through example: Consider 2 setups, one with low RR and high wining % and another setup with considerably less winning % and high RR. RR ratio Wining % 1st Setup 1:3 90% 2nd Setup 1:6 60% Now before doing calculation let us pre-assume a few things; Total Capital - ₹1000 Maximum risk he/she take per trade - ₹20 After 10 trades: For 1st Setup; 1 trade will hit SL since setup has 90% accuracy. so, total loss = ₹20 As the setup have RR of 1:3 So, target for each trade will be = ₹20x3 = ₹60 In 9 trades target will be achieved. So, total gain = ₹60x9 = ₹540 Similarly for 2nd Setup: No of losing trade = 4 Total loss = ₹20x4 = ₹80 Target for each trade = ₹20x6 = ₹120 No of winning trades = 6 Total gain = ₹120x6 = ₹720 Total loss Total gain Net Gain ROI 1st Setup ₹20 ₹540 ₹520 52% 2nd Setup ₹80 ₹720 ₹640 64% Now you may make your decision. Thanks!
NSE:SKFINDIALong
by sudhanshu_raaz