COFORGE - Intraday Trade || 29th May, 2023 #stocks

29 de mai. de 2023

Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 29th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups

Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it

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DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED

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29 de mai. de 2023

Trade fechado: objetivo atingido

Traded for Intraday Today (29th May, 2023)

COFORGE (5min TF)

Entered SHORT at 10:25am
✓ Achieved 1.34%
✓ R:R = 1 : 4
Exited SHORT at 2:30pm

✓ The stock opened with a large red candle and above yesterday's close
✓ Waited for the market to settle because it was not breaking the day's high or day's low
✓ It started to make a Rising Wedge so waited for a breakdown
✓ On the breakdown of the trendline on the downside we entered with a small SL above the breakout candle
✓ Target was 1:4

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