Entry : 11,589.10
Tg : 11,638
Sl : 0
CMP : 11,287.50
Dt . : 11/09/2018
M2M : Rs. 22,620/- per lot. (possible loss if booked today)
Profit at the projected target: Rs. 3,667.50/-
For earning Rs. 3,667.50 should we risk till Rs. 22,620 or more??
It's not about a reversal or not, it's about the right entry...
Forecast: predict or estimate. it does not mean sure shot.
It can be taken as a reference but trade should not be blindly based on it.
Without SL is dangerous. Just felt to make this point known to you. have lost a lot because didn't respect the Sl.
The forecast will surely be achieved but probably by then, we may not be able to hold the trade due to m2m losses.
Once the forecast took 9 days some time it may take 19 days then what? CE premium decay will be our enemy, not the market.
don't forget the delta its ur enemy when options are held more than 3 days in spite of mkt being at same place u get loss in options.