I have took trade in Orient Electric (ORIENTELEC)
Entry - 271
SL - 259
Target - 390 and 490
Current probability - 50%
Pros:
1. Fundamentally good stock
2. RR = 1:9 and 1:18
Cons:
1. Market is already in over bought zone
Note : Invest with half quantity to reduce the loss size.
Entry - 271
SL - 259
Target - 390 and 490
Current probability - 50%
Pros:
1. Fundamentally good stock
2. RR = 1:9 and 1:18
Cons:
1. Market is already in over bought zone
Note : Invest with half quantity to reduce the loss size.
Note
Updated the SL at 165Trade closed: stop reached
Has Closed the trade at 266.2 as the price action was very bearish.Will Reenter at 271-275 Price levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.