Here is a case of an uptrend in the weekly time frame as seen in Indigo. This trade is already triggered. The Higher High was at 1188 and it made a high of 1190 in the last week! The lowest point is the Higher Low i.e. 1046.65 is the stop loss.
The Uptrend example as per bounce charting - When a scrip makes higher highs and higher lows; that scrip is considered to be in an uptrend. We spot uptrend using the HHHL (Higher High Higher Low) Pattern. Price makes initial move. Then, it pulls back making a low. It is called retracement. Now, if it breaks the high it made previously; Higher High is achieved...
Sell with aforesaid stop loss
We had a sell - We had a contra buy with SAR (Read the comments) SAR's TP is hit. ========= Now it is an election bet. Today it has results. So one can put TP @ 5% from here. If it falls on pre budget fall; it will also come up in budget as it is a beneficiary stock of many schemes to be discussed in the budget Because of cyclicity, I am not keeping stop...
It triggered with SAR when TP hit from previous setup Right now setup is not OK due to risk reward. Just keeping it for future discussion.
Short if it triggers with aforesaid stop loss
Short Havells 710 CE at 17.4 If things go haywire i.e Havells breaks 740; we will sell 720 PE.
Buy with stop loss
There is no stop loss moment being. I will update once I put one. You put your own risk management!
Buy with aforesaid stop loss
Buy with aforesaid stop loss.
Please do not buy unless that line is broken.
Buy with aforesaid stop loss