Here's a breakdown of the trading strategy for ISL stock:
Trading Strategy:
- *Breakout Confirmation:* Successful breakout above a certain level (not specified)
- *Buying Strategy:*
- Buy around: Rs. 81-77
- Stop Loss: Rs. 73
- *Targets:*
- 1st Target: Rs. 87
- 2nd Target: Rs. 100
- *Further Action:*
- Hold the stock if it sustains above Rs. 100
- Use trailing stop loss to lock in profits
Key Considerations:
- *Risk Management:* Setting a stop loss at Rs. 73 limits potential losses
- *Profit Booking:* Targets at Rs. 87 and Rs. 100 provide clear profit-booking levels
- *Trailing Stop Loss:* Adjusting the stop loss as the stock price moves up can help lock in profit
Trading Strategy:
- *Breakout Confirmation:* Successful breakout above a certain level (not specified)
- *Buying Strategy:*
- Buy around: Rs. 81-77
- Stop Loss: Rs. 73
- *Targets:*
- 1st Target: Rs. 87
- 2nd Target: Rs. 100
- *Further Action:*
- Hold the stock if it sustains above Rs. 100
- Use trailing stop loss to lock in profits
Key Considerations:
- *Risk Management:* Setting a stop loss at Rs. 73 limits potential losses
- *Profit Booking:* Targets at Rs. 87 and Rs. 100 provide clear profit-booking levels
- *Trailing Stop Loss:* Adjusting the stop loss as the stock price moves up can help lock in profit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.