Crompton greav hanging man bear below 195 SL 200Target 154

[V.VEDANAYAGAM]

CROMPTON GREAVES had hanging man with volume
TRADE PLAN CROMPTON GREAVES SHORT ENTRY 195
STOP LOSS 200 (RISK 5 )
TARGET 154 (REWARD 154)

[Naveen]

Respected sir,

While you are entering in the stock itself you fix the stop loss and target. if target has achieved you should book the profit and you cannot wait until you get more profit. we are trading with knowledge and discipline. so fix the target if it is achieved book the profit if stop loss triggered exit the stock.

Entry: 195

Target: 184-181

Stop loss: 202

Note: In particular pattern only we follow RISK = 1.5 times to 2 times of REWARD.

[V.VEDANAYAGAM]

DEAR SIR /MADAM
Same question was asked by some one also in a different scrip for fixing the target at the maximum profit
OK .Sir now the question is how to determine the target in a real time market?
IF this is cleared I think all will be cleared
RISK =REWARD IS THE KEY
But depending upon the entry the target will go up if the KEY equation is followed
SO if one missed the minimum/correct point of entry he has to fix the target at a higher level
Let us assume that we made ENTRY at the correct level
NOW where should we fix the TARGET ?
YOU may say as per the KEY equation .NOW comes the real application of the KEY by which we have decide to enter the trade or not
PLEASE NOTE
IF THE NEAR RESISTANCE (LONG TRADE) IS BELOW THE TARGET AS PER THE KEY EQUATION THEN THE TRADE IS NOT WORTH TO ENTER BECAUSE NOW RISK IS MORE THAN REWARD IF THE NEAR SUPPORT (SHORT TRADE) IS ABOVE THE TARGET AS PER THE KEY EQUATION THEN THE TRADE IS NOT WORTH TO ENTER AS SAID BEFORE
IF THE SUPPORT/RESISTANCE ALLOWS TO FIX THE TARGET MORE THAN RISK IT IS INDEED A HAPPY PROPOSITION WHETHER THE MARKET ALLOW US TO REACH SUCH A TARGET OR NOT

[Author]

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