Get started

Tataglobalbeverages

HOW TO EXIT ANY TRADE ? ( TATAGLOBAL BEVERAGES BREAKOUT )NSE:TATAGLOBAL HOW TO EXIT THIS TRADE ? THERE IS NO TARGET ON THIS TRADE ITS RATHER BASED ON TREND FOLLOWING SYSTEM . WE HAVE TO CONTINOUSLY SHIFT OUR STOP FOLLOWING THE TREND . FOR EVERY PRICE MOVEMENT SHIFT YOUR STOP UP UNTIL ITS BREACHED . HOW TO FIND THE STOP ? STOP = CMP - 2*(ATR) FOR EXAMPLE ON THE CURRENT DAY : CMP - 253.45 ATR - 8.3 STOP = (253.45) - 2*(8.3) = 253.45 - 16.6 = 236.85 NOW , ON THE NEXT BAR FORMATION THE PRICE AND THE AVERAGE TRUE RANGE WILL CHANGE AND SO WILL YOUR STOP , AND THUS YOUR STOP WILL KEEP SHIFTING IN THE DIRECTION OF THE TREND , NARROWING DOWN YOUR RISK AND KEEPING YOUR PROFIT SAFE .
TEducation
by AmanSinha