Description
⋅ I have took trade in Orient Electric (ORIENTELEC)
Entry - 271
SL - 259
Target - 390 and 490
Current probability - 50%
Pros:
1. Fundamentally good stock
2. RR = 1:9 and 1:18
Cons:
1. Market is already in over bought zone
Note : Invest with half quantity to reduce the loss size.
Comment
⋅ Updated the SL at 165
Trade closed: stop reached
⋅ Has Closed the trade at 266.2 as the price action was very bearish.
Will Reenter at 271-275 Price levels.