Category of Trade: Pullback
VinatiOrganics (INE410B01037)
Why Shortlisted:
VinatiOrganics (INE410B01037)
Why Shortlisted:
- Uptrend: Note the HH-HL swings
- ADX: Above 25, +DI crossed above -DI
- RSI: Hidden Bullish Divergence noticed
- Volume: Spurt in Volume noticed
- Candlestick: Spinning Top,Outside Bar Daily Candle
Trade-Plan:
Risk Amount (fixed for all Trades)=5000/-
Stop-loss: @919
LongTrade Entry: @1004 (Closing Price on Friday dt 19.6.2020
Stop-loss Amount: 1004-919=85
Position Size: 5000/85= 60 shares (Approx)
Target : 1111 and above
Agressive Traders can keep their SL at 964 and then position size would come to
5000/(1004-964)=125 shares.
Disclaimer:
- I am not a SEBI certified Advisor/Analyst
- This bolg post is for keeping record of my trades
- One may use this post for educational purpose but no trades should be taken without cosulting your authorised financial advisors.
Sir Unable to see RSI bullish Divergence , Is it in Lower time frame ?
ReplyDeleteIt is Hidden or Reverse Divergence --- you were not taught that
DeleteSir, Excellent, trade plan drafted.
ReplyDeleteSuccess/failure either Time/God Will tell
Coz, it's market
Logical & most educated way of workings
Full Marks to U.
I'm learning from ur each & every post.
Regards,
Sanjay Samtani
Nice one
ReplyDeleteGood for learning
Sanjay sir is one of a kind and truely a gentleman in today’s selfish world !! He sees always positive in everyone ! I have been following him since last many years !! But never saw him demotivated in losses not over excited in gains !! He’s truely a blessed soul as described by Lord Krishna in Geeta !! ����������������
ReplyDelete