IFGL EXPORTS LTD (NO INDICATORS-ONLY PRICE ACTION)
1- Stock has been forming channel pattern and broken with good candle.
2- Almost seven touches at the top and three touches at bottom
3 - successfully retested with respect to my trendline
4- one can enter with stop loss of broken candle low
5- And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
6- still if you want to set a target then go with 1:2 or 1:3 risk reward
7- trade cautiously according to market condition (position sizing and risk management are the key thing in present market condition)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.
2- Almost seven touches at the top and three touches at bottom
3 - successfully retested with respect to my trendline
4- one can enter with stop loss of broken candle low
5- And the target always depends on price action , actually I don't set target, I do take exits depends on priceaction (and it varies to person to person's conviction)
6- still if you want to set a target then go with 1:2 or 1:3 risk reward
7- trade cautiously according to market condition (position sizing and risk management are the key thing in present market condition)
NOTE : I only use simple Strategy that always give superior returns, Don't get carried away with all the complex strategies that's in the market. Complex doesn't necessarily mean good.