Himadri Specialty Chem - Long Setup (Swing Trade)
Updated
Himadri Specialty Chem is approaching a crucial level for a potential long trade setup. Here’s the trade plan:
Entry Zone: 579.80
Entry Price: Once a 15-minute candle breaks above 579.80, the high of that candle will confirm the entry.
Target: 656.3
Stop Loss: 541.55 (Stop loss will be triggered if a daily candle closes below this level)
The stock is testing the entry zone at 579.80, and if momentum builds, we could see a potential rally towards the target of 656.3. A tight stop loss at 541.55 helps manage risk while offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly
Entry Zone: 579.80
Entry Price: Once a 15-minute candle breaks above 579.80, the high of that candle will confirm the entry.
Target: 656.3
Stop Loss: 541.55 (Stop loss will be triggered if a daily candle closes below this level)
The stock is testing the entry zone at 579.80, and if momentum builds, we could see a potential rally towards the target of 656.3. A tight stop loss at 541.55 helps manage risk while offering a favorable risk-reward ratio for this trade.
Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly
Trade active
Entry Order Filled at 586.70
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