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PowerGrid Breakout or Breakdown Risk Reward 1 to 3 Trades

POWER GRID CORP (NSE:POWERGRID)  
PredictNifty  
NSE:POWERGRID   POWER GRID CORP
Support and Resistance Supply and Demand POWERGRID powergrididea powergridanalysis
7
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supportandresistance supplyanddemand powergrid powergrididea powergridanalysis

  1. In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades.
  2. If we follow this approach, over the long run, money is gained.
  3. A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only.

Happy Trading!

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