Intraday

[gunjanpiyushdave]

Can you let me know how many trades would I have to put for the following scenario

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 74.5 72.4 75.5 77.3
S.SELL BELOW 72 73 71 68

 

[manishchan]

what do you mean by how many trades ? If you are indicating how much money you will make, that would depend on your investment..

 

[gunjanpiyushdave]

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 74.5 72.4 75.5 77.3
S.SELL BELOW 72 73 71 68

What I mean is that how many transactions would I have to place, I have a tip in above format.
I assume that, I will have to initiate:
1) one transaction for BUY INTRADAY transaction type at 74.5
2) one transaction of BUY STOP LOSS TYPE INTRADAY mentioning trigger as 72.4 and amount as 74.5
3) 3rd transaction of SELL INTRADAY transaction type at 72
4) 4th transaction of SELL STOP LOSS TYPE INTRADAY mentioning trigger as 73 and amount as 72

Am I correct?

 

[manishchan]

Action Trigger Price Stop Loss Target-1 Target-2
BUY ABOVE 74.5 72.4 75.5 77.3
S.SELL BELOW 72 73 71 68

What I mean is that how many transactions would I have to place, I have a tip in above format.
I assume that, I will have to initiate:
1) one transaction for BUY INTRADAY transaction type at 74.5
2) one transaction of BUY STOP LOSS TYPE INTRADAY mentioning trigger as 72.4 and amount as 74.5
3) 3rd transaction of SELL INTRADAY transaction type at 72
4) 4th transaction of SELL STOP LOSS TYPE INTRADAY mentioning trigger as 73 and amount as 72

Am I correct?

I think you have 2 tips here.

1. Long (Buy then sell) - Buy @ 74.5 with SL of 72.4. Your first target (sell) is 75.5 and second target (sell) is 77.3. This whole thing only has 2 transaction. Buy with stop loos and then sell.

2. Short (sell then buy later) - Sell @ 72 with the SL of 73. First target (buy) 71 and second target (buy) is 68.

I hope this clears your doubt...