Tail your stoploss to remain in profitsBINANCE:GXSUSDT
Actually my analysis got wrong instead of 130% we actually got around 700% profit that too within 38 days
If you had trailed your stop loss you would also get a chance to book 700% profit.
Always hold your winning trade and try to cut your losing trade at the right time.
This is one of the live example the why people should trail their stop loss after achieving their 1st Target.
You could even book half the profit and the trail your stop loss to your cost price so that even it get wrong then also you remain in profits.
Start trailing your stop so that you can start your maximization of profits now.
More analysis are coming, fasten your seatbelts
Trailingstoploss
SIMPLE AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout supported by decent volumes, supporting bullishness.
4.RSI breakout on daily chart and trading above 60.
Short term view : Bullish
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Nifty still looking non-directional.As per current analysis of Trend Finder, Nifty is above the Indicator. But Indicator is showing Red signal. So it's a non-directional abrupt movement scenario. We should not trade in this type of scenarios.
Waiting is the best tool to trade in stock market.
STOP-LOSS Trailing method in detail !! 🎯Conclusion :-
1. Trailing stop loss is an order that locks in profits as the price moves in your favor.
2.You can trail your stop loss using: Moving Average, Average True Range, percentage change, market structure, and weekly high/low as well .
3. Investors uses above way to ride the trend till the last, & enjoys profits
4. as a investor you can ride it with trailing stop-loss by shifting it on phases wise / market structures
5.Read the important points mentioned on the charts
6.Refer chart for more information
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✍COMMENT Below your view !
Dabur LongLong Position can be made in Dabur India.
Going to trail SL due to high volatility in the market.
