Tuesday 5 January 2016

Welspun Corp

Welcorp Trading at 116, there are almost 70% chances of Rs 40 upside, if you want to enter this Swing Trade maintain strict SL at 100. Note that price hasn't yet broken triangle, which makes it a little more than risky. This trade is not for faint heart traders.

Chart : Daily

Setup : Led Lag Follow

Risk : Rs. 16

Profit : Rs. 40

Risk Vs Reward : 2 : 5

Trade Risk : 30%

Trade Type : Swing/Positional

I assume you know,
- How to modify Stop Loss
- How to manage risk in case price fails to hit target to exit in profit.
- How to strategize or nullify or minimize risk .

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