Intraday trade July 7

Reliance trade 1.



Trade
Sell - 1846
Stop loss- 1852
Target - 1830
Real Exit (buy) - 1827.

Reason for trade.
1 triangle formation.
2 stock was in uptrend so a good chance of correction.
3 triangle break,rejection by triangle.
4 Below vwap,moving average. 

Risk reward 
Points won = 19
Points risked = 6
Risk reward = 1:3.


Reliance trade -2.


Trade
Entry - 1825
Stop loss- 1821
Target  -1829-1830
Exit 1831

Reason
1 break of trendline.
2 hammer at trend line break.
3 good gap between moving average and price;good chance for a pullback considering the steep fall

Risk reward 
Stop loss = 4
Points won = 6
Risk reward = 1:1.5


Note
The 2nd trade quantity<<1st trade quantity.
Because risk reward is less.

Note- this is only meant for educational purpose.


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