Trade Setup: Stock has broken all time high with volume and can be traded on long side.
Buy Zone: 820-835
SL: 700, Weekly Closing Basis
Target1=870, Target2= Open with trailing Stops
CIPLA
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Buy Zone: 820-835
SL: 700, Weekly Closing Basis
Target1=870, Target2= Open with trailing Stops
CIPLA
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
