Kotak Bank has given breakout from channel ascending channel pattern with strong volumes.
Wait for retracement to enter between 1550-1565 levels. Targets will be 1645/1700 and SL will be at 1535.
SL is on closing basis.
Trade is valid only if retracement comes and not valid above the price range.
Risk/Reward: 2.66/4.5
Wait for retracement to enter between 1550-1565 levels. Targets will be 1645/1700 and SL will be at 1535.
SL is on closing basis.
Trade is valid only if retracement comes and not valid above the price range.
Risk/Reward: 2.66/4.5
Сделка активна:
Entry Condition met. Entered at 1553, Targets 1645/1700 and SL 1525
Сделка активна:
Nifty is showing strength. Keep strict stop loss at 1525 and wait
Сделка закрыта: достигнута стоп-лосс цена:
SL Hit at 1525. Booked 1.5% loss
But for keeping the position overnight hedging is must. Hedging may be done by buying 1500 put.