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Bajaj Electricals IBZ Bajaj Electricals has approached its institutional buying zone and is rangebound over a long horizon as clearly visible. position Sizing is recommended... What is position sizing? It is when you first add half your position to check If the market is saying you are right or wrong, if the market moves in your direction, you will add your second half and tighten your stop loss. This way you add two positions but one only when the market shows you that you are correct. Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on. Hence, if one does go long, I personally am buying as close to the zone as possible and then will be adding more as positive signs are shown. Keep It simple
NSE:BAJAJELECLong
by Krish_Kohal
Asianpaints with a bearish candle at the top of the ChannelAfter reaching the target comfortably, profit was booked. Now it has shown a nice rejection candle at the upper end of the channel. If it opens/crosses < 2054, it'll be an opportunity to sell it for a swing trade. Rejection candle is identified by the long wick on the upside. Bulls tried to push the price above the resistance but bears won ultimately. Also I'm expecting the market to be negative tomorrow. Tgt: 1950 (Safe players can exit @ 2000) SL: 2042
NSE:ASIANPAINTShort
by bhagat109