Re: Stocks To Keep A Close Eye On - Chapter II
Hi Rajesh,
The calculation of next trigger and SL is again same method. The previous trough (pivot low) is new SL. Take the High of the day when the target is reached, double it and subtract new SL from it to get new target. In case when the previous trough is too low, take lowest low of last five days as SL and calculate target.
-Anant
Hello Anant sir,
Thanks for the clarification.
I think you missed the other query . It would nice if you could clarify regarding modified targets and stops ?
Thank u
Thanks for the clarification.
I think you missed the other query . It would nice if you could clarify regarding modified targets and stops ?
Thank u
The calculation of next trigger and SL is again same method. The previous trough (pivot low) is new SL. Take the High of the day when the target is reached, double it and subtract new SL from it to get new target. In case when the previous trough is too low, take lowest low of last five days as SL and calculate target.
-Anant