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Trade plan A:
Position – Short
Entry – 246 / SL – 266 / Exit – 226
Cause : Significant bearish trend with Low Top and Low bottom observed – Volume seems to be high too.
Trade plan B:
Position – long
Entry – 278 / SL – 241 / Exit – 313
Cause : Bullish trend with High bottom and High top observed – Volume seems to be high too indicating high demand.
Hi,
One doubt on Plan B.
If a Bullish trend happens,ie HB to HT, our entry must be above HT.
In this case if a bullish trend is expected, rally will start from HB to above last HT, ie 278 to above 290.
Entry must be above Last HT = 290
Stop loss = Last HB = 278
Risk = 12
Target = 302.
This what i was expecting. If i am wrong can you pls explain how you got your entry/exit/stoploss for plan b?
Sir, the position which i created was before the stock rose and reached the new H.T at 290 rs. Please check out the flag symbol.
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