We do all kinda stuff..And why on earth we are choosing a riskier scrip SBI on RBI day ? Bcos, we know our Risk, We Define our risk, We know how much we stand to lose in that risk, so that helps our trading plan.
Here there was bearish momentum on hourly SBI and its ranging for sometime, so eventually Bearish breakout expected, I will be taking this trade on Bearish breakout, check with your tradeplan, Determine what is your SL & Target !
Note : This is just how I Plan, Don't do this solely bcos I'm doing it :)
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How many of you feel rate cut ? I have intuition from yesterday there is rate cut , lets see :)
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& thats wrong, as there is No rate cut
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Guys Get ready for breakout & Nifty reversal can make this as false break, so tight stops does matter here. Your Money, Your Risk, Your Reward :)
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Happy that its not another Axis Bank, Doing Good :)