Supriya shows bullish potential due to the following factors
1. Upward channel giving a good
range bound move
2. Buying with good volume and candles
seen at the support zone
3. Golden cross about to form
4. Bullish flag with low volume
We should take the position sizing approach,
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, buying as close to the trendline, moving averages and support zone and adding more on the break of the flag pattern.
Target: 320
Stop loss: 231.90
Keep It Simple
1. Upward channel giving a good
range bound move
2. Buying with good volume and candles
seen at the support zone
3. Golden cross about to form
4. Bullish flag with low volume
We should take the position sizing approach,
Example: Suppose your risk is 100 per trade, You first buy enough Qt to risk only 50 ( Typically with a larger stop) and if the market forms a green candle or another bullish sign, you add another Qt to risk 50 more ( Total risk 100) and your second stop loss becomes tighter ( most probably at the breakeven of the first position) this way you minimise your loss but ur reward is the same and even more. If your first stop gets hit, you accept your mistake and move on.
Hence, buying as close to the trendline, moving averages and support zone and adding more on the break of the flag pattern.
Target: 320
Stop loss: 231.90
Keep It Simple