Looking to hold till 114. Stoploss 86. Breakdown of the range. Oversold the down trend channels.
Pure technical play Fundamentals ignored, the recent news overlooked. Do not take this trade. This is just for educational purposes.
The midline of the trading range is a barrier Position Sizing Advised. Trail Sl when in profits.
The prices have bounced off the support. Follow stoploss strictly. Trail the stop to cost when prices are close to the 21 ema.
I like to trail SL after gaining profits. Manage risk with position sizing.
Follow stop loss strictly and size the position accordingly.
Down channel is a barrier to trade. Position management imp: Keep the size small Follow strict loss strictly.
Risky trade Follow stoploss strictly Enter only with small quantity
Has not pulled back to the 21 ema yet. I would not risk much on this trade. Trailing Stoploss when you gain profits is advised.
Added small qty. Will add more at the support. The bullish signal bar is yet to appear.
Can skip the trade as the trend channel has not been confirmed yet. Proper position sizing is important.
Kept the target small, trail sl according to your trading style until the stop is hit.
Risky trade, Illiquid stock, trade to trade category. Follow stop loss strictly.
Follow stop loss and position sizing strictly Barriers to trade: Below 21 EMA
Barriers: Not a good signal bar. 1480 Resistance
Follow stop loss strictly, if entering.
New Position. Will update