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Rectangle

LTI : SWING TradeLARSEN & TOURBO INFOTECH Method: Rectangle breakout. LTI after consolidating in a rectangle pattern gave a breakout on the upside with huge volume. Money Management: Note- False breakouts are possible (traders need to manage risk accordingly) My personal tip is to risk only 2% of your trading capital. Buy 30% of your position at CMP & if price respect levels of 4500 then execute your remaining 70% position. The whole idea is to lose less money when you are wrong and to win more money when you are right. Mindset: Trading is a game of probabilities, no matter how much analysis you do there is always a 50-50% chance. Remember that the trade we are taking is just 1 of the next 1000 trades we are going to trade. We should not get so much emotionally attached to it that we end up losing our sleep if it doesn’t go according to the plan. By minimizing the importance of that one particular trade, we can really trade with ease and would be in a better situation to take sound decisions. Remember to be profitable you don’t have to be right every time, you just have to be right big and wrong small.
LLong
by Indrajit08
Rectangle Formation Here.To buy this to hold more than 2 weeks you need to wait for the uptrend and cross the rectangular border. If there is a chance looking for a buy tomorrow (29/7/21), then let the candle be green after 3:20pm. Then you can buy. Summary: Buy: if candle is green after 3:20pm, go for it at a good price. Target 1: Just below the top border of rectangle formed. Target 2: If you would like to hold when the candle reaches top border, trail the stoploss to just below the candle of a day before the hit to top border. Stoploss: Just below the low border of rectangle.
NSE:ALEMBICLTDLong
by HishamIbnIbrahim
nifty range bound that rectangle can be considered as support zone in case nifty breaks down wait for confirmed breakout or next 16800 is will come soon or later based on that plan accordingly which stocks potentially will go with nifty even blue chips will also increase but 20-25% mostly so plan accordingly quality mid caps and small caps can rally around 50%++ disclaimer- this is not any investment call or idea , this just my view and it can go wrong ,this is only for educational purposes trade at your own risk
NSE:NIFTY
by techno_funda_guy