Trade ideas
Setups are not as important as you thinkSetups are a very small part of what is necessary for a complete trading system, yet people still claim their setup conditions are their systems.
When you see the setups in stock, you have an increased probability that the stock will go up. But it is through position sizing strategies &
managing the ratio of risk to reward throughout the trade that produces great profits in the trade.
DR REDDY: Positional & Swing Pick!!!
Method:
Support & Resistance role reversal
Risk Management:
Risk only 2% of your capital
Buy 30% of your position at CMP, and wait for the pullback, if the price respects the level of 5500 execute your 70% position.
Mindset:
Note= Trade with probabilistic mindset, no matter how much analysis you do there is always a 50-50% chance.
Our main objective is to ''Cut your losses short and let your profits run.' '
Remember to be profitable you don’t have to be right every time,
you just have to be right big and wrong small.
Can Rally Continue?!........crucial resistance of 5500 is taken out(on weekly time frame also)......
RSI is also strong and taking support at 60....
added 30% quantity, rest i will add only after re-test(risk-reward, money management)...
comment if you have any doubts...
do like and follow for more such updates....
Dr Reddys lab - wait for tomorrow's breakoutDr Reddys lab is in the triangle pattern and going to take its breakout, so give an entry with appropriate Stop loss only after the breakout
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade