Hammer spotted at the down trend. Entry above 275, stop loss at 261 gives a risk of 14. The target can be 289.
, , IGL
, , IGL
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IGL has a significant upper wick and also stop loss is too big at below 261 and entry above 275.75 , ie 15 Rupees, which is more than 5%. for script under Rs. 300.
Your finding are correct, but I would not take a entry ., because of the 5% risk of stop loss.
Thanks and regards,
Dr. Bhushan.
Supper spot sir…
Dilil Suresh,
IGL Stop loss of Rs. 261 is hit. The script has made a low of 260.30, today on 08/05/2018.
You win some trade , you loose some trade. As long as you stick to the rules, it is OK.
Thanks and regards,
Dr. Bhushan.