There is a strong supply at 507.75.
There is hope if the stock closes above 508. Else as someone suggested in the comments keep an SL at days low and exit the trade to avoid further loss
Feedback
S
9
All Posts
0
Post Rep
104
Comment Rep
March 2024
0
Follower
4
Following
Posts
Trades
Stocks
Put it in a FD or liquid fund.
Finnifty is in the supply zone, and can fall up to 23000. You can see a bullish reversal from 22500. Safe entry would be around 22350 with a SL of 20 points upside around 1000 points. Patience is key for profitability in trading
It will further tank another 100-150 points... as per the charts... You can try shorting futures (small scalps) to compensate and get out of trade on breakeven.
I won't trade in this type of stock which blocks the capital. Use it for many better scripts.
Frankly, you don't care ...
Trade only between 9:15-10:30 & 13:00-14:30
You will make fewer mistakes