Price Action Trading Concor
Today i traded Concor on both sides i.e. sale and buy.
The market opened with gapup so i considered buy side for Concor.
As soon as it crossed the opening range buy order is placed considering the target as next support resistance line.
Buy trade successful with good profit. i exited at the support line level and waited for some time.
the stock reversed from S/R Line. so i considered it for short selling.
as soon as it crossed below opening range i shorted it and booked profit at below S/R Line.
50% kept for running and booked at below S/R Line.
Important Points
1. Stock Selection = Result on 30.10.2018 so selected.
2. Entry = Above Opening Range
3. Exit = At S/R Line
Check out the charts for clear understanding.
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