Chartmaniac

HSCL is ready to buy for positional trade.

Long
Chartmaniac Updated   
NSE:HSCL   HIMADRI SPECIALITY
Aim for 8-12%. It can be easily achievable in 1-3 days.
My belief is to choose high winning probability trade with a risk-reward ratio going from 1:1 to 1:2.
The reason for booking profit of only 6-8% is because the market direction is not sure at this point. So better to aim for 1:1 risk-reward and rotate your money in better opportunities.
Take trade in between 3:20- 3:29 PM if it gives closing at the above-mentioned zone.
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Comment:
Risk becomes too high, skipping this trade. Let's see if it consolidates or retraces in the coming days.
Trade active:
4 percent down from yesterday's close. Suits to risk. Trade active. Risk of 6%.
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