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SKF INDIA LTDSKF INDIA LTDSKF INDIA LTD

SKF INDIA LTD

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SKFINDIA trade ideas

A Very Low risk setup in SKFINDIAHello everyone! Now is the best time to go long in SKFINDIA. I have been tracking this stock since July'22 and it has given a fabulous one sided rally of 35% since then, it is going through consolidation from last 2 month(pl. go through chart for probable target and SL). Someone might consider it after breakout from trendline but I personally prefer a low risk setup even with slightly less probability as after breakout the probability will increase but the risk to reward will be not as good as now. Let us understand this through example: Consider 2 setups, one with low RR and high wining % and another setup with considerably less winning % and high RR. RR ratio Wining % 1st Setup 1:3 90% 2nd Setup 1:6 60% Now before doing calculation let us pre-assume a few things; Total Capital - ₹1000 Maximum risk he/she take per trade - ₹20 After 10 trades: For 1st Setup; 1 trade will hit SL since setup has 90% accuracy. so, total loss = ₹20 As the setup have RR of 1:3 So, target for each trade will be = ₹20x3 = ₹60 In 9 trades target will be achieved. So, total gain = ₹60x9 = ₹540 Similarly for 2nd Setup: No of losing trade = 4 Total loss = ₹20x4 = ₹80 Target for each trade = ₹20x6 = ₹120 No of winning trades = 6 Total gain = ₹120x6 = ₹720 Total loss Total gain Net Gain ROI 1st Setup ₹20 ₹540 ₹520 52% 2nd Setup ₹80 ₹720 ₹640 64% Now you may make your decision. Thanks!
NSE:SKFINDIALong
by sudhanshu_raaz
YR 2022 Idea #59: Long on SKFINDIA This 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.
NSE:SKFINDIALong
by onerighttrade
Buy Today, Sell Tomorrow: SKFINDIADON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 3-5% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 1% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in SKFINDIA Buy Today, Sell Tomorrow: SKFINDIA
NSE:SKFINDIALong
by Kapil-Mittal
1
#SKF #StockMarket #StockIdeas #StocktoWatch #StockToBuySKF India shares are one of the multibagger stocks in 2021, gained more than 140%. ------------- Buy above 3940 levels 4160/70 look hurdle for this Stock. So take first target at 4160 and ultimate target of 4585 Rs Keep SL of 3650 for Short term trade and SL of 3610 for long term trade on closing basis. ------------- Weekly 14 periods RSI and weekly ADX/DMI shows positive indication The overall chart pattern of SKF India shares indicates long trading opportunity
NSE:SKFINDIALong
by Jordan_n-