Viewing 5 posts - 1 through 5 (of 5 total)
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  • #21225
    Fathima Shafi
    Participant
    Rank: Level 5

    Ambuja cement formed double equivalent bottom over a period of 27 trading days showing trend reversal bullish scenario. High volume was seen during breakout.

    TRADE PLAN

    • SYMBOL- AMBUJA CEMENT
    • DIRECTION – LONG
    • ENTRY 202
    • TARGET 215
    • SL 188

     

    #21228
    Fathima Shafi
    Participant
    Rank: Level 5

    Sir, Please review my work and suggest where I should enter Long position. Entry 202 or 206.2 @eqsis

    #21275
    EQSIS
    Keymaster

    We did notice this, this rewarded traders…

    Good work…

    #23336
    S.Sivaraman
    Participant
    Rank: Level 4

    Hi,

    Can you explain how you arrived the Target as 215?

    was it because the stop loss was at 188 so you arrived at equal profit target?

    Thanks in Advance

    #23390
    Fathima Shafi
    Participant
    Rank: Level 5

    After double bottom pattern  formation , the price of Ambuja cement reached as high as 236. Actually I did a forecasting ( you would have seen 2 charts ) and it is advisable to keep the risk to reward ratio as 1:1.  Yes, you are right, because my stop loss was 188, my target was 215.

Viewing 5 posts - 1 through 5 (of 5 total)
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