50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
SPMLINFRA trade ideas
SPML INFRA - LONG - SWING TRADENSE:SPMLINFRA looks good for long.
Logic behind long:-
- on higher time frame(monthly) price is make ing reversal and changing trend
- weekly trend change to sideways
- on daily (lower time frame) price has broken the price structure.
Entry @41.90 cmp
Stop loss @ 38
Target @ 62.70