NFL trade ideas
NFL :ATH/ CUP BreakoutNFL is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains.
Entry: Enter a long position at NFL's ATH price + 4% (155.15)
Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (124.00) or Weekly Swing Low
Targets:
First Target: 232.30 (Fibonacci 1.618 level)
Second Target: 283.70 (Fibonacci 2 level)
Third Target: 418.20 (Fibonacci 3 level)
Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1%
The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits.
The position sizing ensures that you are not risking more than you can afford to lose.
Disclaimer:
This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions.
Additional Notes:
Consider using technical indicators and chart patterns to refine your entry and exit points.
Monitor market conditions and adjust your strategy accordingly.
Practice risk management techniques to protect your capital.
Please let me know if you have any other questions.
NATIONAL FERTILIZERS LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.2
#NFL
Buy Price - 110 (CMP 114)
SL - 100
TARGET - 130 (18%)
@jagadheeshjp
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NFL BUYEntered in a long position at 104. We are coming out of a bullish daily FVG. I have a strict stop loss in place as US CPI is tomorrow, so not willing to risk a lot. Fertilizer sector is highly going to be in focus for the budget in July. Anticipating a positional build up in fertilizer stocks to gear up for the elections and budget. No buy sell reco. NSE:NFL
Falling wedge on NFLNFL formed a falling wedge pattern on daily chart. Multiple resistance and support were tested during this pattern formation. There were below average volume whenever the price falls. Also there was huge volume during the runup to form the falling wedge pattern. Stop loss can be kept just below recent low. First target could be prior 52week high. Low risk compared to reward.
If you like this idea, please boost the idea else leave a comment below on your thought. I'll be glad to know your view on this chart. Otherwise happy trading :-)
NFL BUYForgot to publish my trade here. This is my trade for NFL. Follow along if you may. The targets are 81 and 86. It may be too late to enter but do cosnider adding the stock. This is not a buy/sell recommendation. I am just pubishing my trades here to monitor my progress, and if you want to enter along with me then do join along after constructing your own research or your own financial advisor. Other than that, fertilizer sector is in focus as new year comes along. NSE:NFL
NFL looks bullishNFL looks bullish on a daily time frame. It is just crossing 60 RSI on weekly and monthly time frames. The volume has increased significantly in the last few weeks. The price has been trading near its resistance level of 80. It would be a good buy if the price breaks 80 levels with fair volume & retest it. We can achieve 1:3 risk-to-reward ratio. It has been consolidating at its resistance, which is a good sign. It may give a break out if trending upward. One can call it rounding bottom, C&H pattern.