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NIACL - Long Opportunity

ที่อัปเดต:
CMP 238.30 on 04.06.24
A long setup is spotted on the charts. If crosses and sustains above 248, the next target can be 300+.
Skill in position sizing and accumulation is needed in this trade setup. Let this understand -
We have to buy from 238 to as low as 222. We have to buy in a way that at the time when the price drops to 222, our risk-reward ratio should be comfortable according to our risk management. That means our loss should not be more than what we have decided now.
Let's have an example -
Buy 100 at 238
Buy 50 at 232
Buy 50 at 222
-------
Average price is 232.5
Loss at the time of exit - 4500
Profit on the target of 300 - 13500

It comes around 1:3, which seems good.
One can reduce or increase the quantity according to one's risk capacity and management.
The above illustration and examples are only for learning and sharing purposes, not a trading recommendation in any form.
All the best.
บันทึก
Gaining strength. Keep tracking.
บันทึก
It touched 281 in the last session on 06.07.24.
บันทึก
Reached 290 yesterday 08.07.24
บันทึก
Reached 292 yesterday.
บันทึก
Crossed the final target of 300 on 26.07.24. Touched 310, 240 to 310 in less than 2 months. All the best.
CASHChart PatternsholdinginvestmentlongsetuppositionalshorttermTrend Analysis

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