ANTONY WASTE, SWING PAPER TRADE

٢٨ يناير ٢٠٢٤

Above shown chart is of ANTONY WASTE in Daily Time Frame

The above path of the script can be read as " Ascending Triangular Pattern " .. for simplicity, let's see it a a staircase.
This script has come this far making HH and HL .. the current step of the staircase is where we can enter into a trade.

Four things to describe for a trade

1. Entry Point
   
2. Stop Loss
   
3. Expected Reward
   
4. Exit
   

For,

Entry Point - Any price between 516 Rs to 490 Rs seems good.
Stop Loss - 478 Rs price level should be considered as SL ( will be around 7 % if EP is 515 ).
489 Rs price level is also good to place SL .. depending on appetite.
Exp. Reward - I'm expecting 10 - 15 % , which should be enough for a swing trade.
Rest depends on the scenario.
Exit - Exit depends on individual, same as SL, either you can full exit at a point or you
can trail.

Caution : As this is Budget + Election period, a low capital deployed seems sensible approach.

Thank you.

٧ فبراير ٢٠٢٤

تم حذف الأمر

Sorry to update late, I closed this trade on the second red candle.

Thank you.