some time better to exit earlier( intraday trade )

intraday trade of the KEI industry

again welcome to the #taderlifestyle

this is shubham and I wanna talk about today's market

it is the very consolidated market today as you see nifty it is moving around 50 points and this was an effect of the last Friday full bullish market so when the market is consolidated there is very less opportunity you will get for trading and

today i hardly get some stocks for trade

this is the chart of KEI industry and this is the 15-minute chart and the reason for the initiate this trade is the ascending channel and support level this was correctly sustained in there support level

you can see Here and I initiate trader is good thinks is that I get the target

yaa one more thing are that in this trade I don't wait for the full target I cut my trade early because

nifty was break the support lever, see Here and if I talk about risk-reward ratio it was also preferable

in this trade, I get 2.57% target however the risk is also 1.20%

the learning point is that exit is most important for the intraday trade if you initiate trade but not exit at right time so sometimes you can also get stop loss so make sure before initiating trade decide your exit point

so thanks for reding

so share like and follow and can also follow me in Instagram

stay tuned

Happy trading

Comments

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