Gateway : Short-term trade setup !Hey Guys,
{Pre-Note : If font size on charts are small you can enlarge charts by dragging up or down over price pane on the right end of chart OR Use zoom features near Bottom-middle area}
This is short term trade setup, so if you have the patience to hold a stock for 1 to 3 months, then this will be useful for you. Well, even if you don't have patience keep it on your radar n see how this goes. I have mentioned 5 points to trade this GDL ( Gateway Distriparks), follow that & do own analysis also.
Its just simple support zone based setup, so after we get bullish signal we will get long in Gateway. If there is no bullish sign no issues, we won't be in trade at all. What if we get bullish sign & GDL reverses after we enter. Cool, that can happen, anyway we know our risk which is just around (11 points ) so even if you trade 100 shares, its hardly Rs.1100 on potential profit of Rs.3000. {100 shares is an example pls don't ask My position size :) }
If you plan to enter make sure you never change your stops or targets or early booking for profits, or early closing bcos market goes down. Once you analyze & decide on target n stops, never never change that, even the world turns upside down don't change that. That's Bad Habit ! Because you decided to take 11 point risk & 30 point reward, then why you want to change ? Never change your decisions.
Do your analysis, check whether the 11 point risk over 3 months for 30 points is good or bad, Then decide on the trade. Lets see whether Gateway (GDL) gets away to stops or Targets !
