RUSHIL
YR 2022 Idea #84: Long on RUSHILThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
RUSHIL DECOR 1:4+ RR setup 🔥NSE:RUSHIL broke out of ascending triangle pattern and gave a retest. Momentum leading to breakout is very high and volumes look bullish.
One can enter entire position at C.M.P and place a tight stop loss (marked on the chart) for a 1:4+ RRR play. Positional traders can place a deeper stoploss below 310 and go for 1:2/2.5 RRR.
Buy more of price takes support at anyone of the supporting trendlines.
Follow strict risk management. HAPPY TRADING!
