NEW POSITIONAL TRADE
Stock Symbol : JINDALSAW
Buy Price : 102.50
Target : 117.85 (+14.86%)
Stop Loss : 93.75 (-8.63%)
RR Ratio : 1 : 1.72
Reason for this Trade:
1. There is strong support (which is formed from year 2011. We can see at weekly time frame)
2. In last 3 small swings, formed HH (Higher High) formation.
3. Current price at retested level in weekly time frame
4. Once price breakout top trendline, then movement will be quick.
Note: This is positional trade. So we should hold for atleast 1 month. And SL also little high, so allocate less capital compare to other trades.
#New_Positional_Trade
