The shooting star appeared after an up trend. The entry at 1582, stop loss 1648 and the target at 1516.
, , CEATLTD
The shooting star appeared after an up trend. The entry at 1582, stop loss 1648 and the target at 1516. , , CEATLTD
The shooting star appeared after an up trend. The entry at 1582, stop loss 1648 and the target at 1516.Recently Active Members
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Respected Dilil Suresh,
Nice shooting star spotting by you,
Only concern is the risk reward ratio.
You have given the target as Rs. 1516[ near low of Gap up candle of 02/04/2018].
I think the recent swing low of Rs. 1529 , should be the first target . [ low of 26/04/2018 ]
Then the risk is 68 [ 1650-1582]rupees and the reward is 53 [1582-1529].
If you take 1516 as target then risk reward becomes 1:1, which is perfectly OK.
I would like to hear about the views of senior members of the forum on this point.
Thanks and regards,
Dr. Bhushan
Thanks for the valuable comment sir