IGL { 30 M Short } for NSE:IGL by ShivamMendhare — TradingView

This is a channel bet. You can see it’s following a pattern under the drawn trend lines , Rest is as per charts

Note :-

Entry – At the break of mentioned candle’s low/high

Stop Loss –

In a Short Trade, I always use Previous Candle High ( PCH ) as a stop loss while entering the trade. Sometime I might use 15 M tf SL & trade in 30M tf which I’ll mention. Vice Versa for long trades

Trailing Stop Loss ( TSL ) – Mostly I trail stop loss by PCH as price falls . I exit as PCH breaks & vice versa

Use of PSAR as TSL :- TSL get’s hit in trend following due to noise, In such cases I use PSAR to be in trend & exit if PSAR direction change

You can use any one of above mentioned or your own way to manage risk

Time Frame :- I take ~ 90% of my intraday trades in 15m tf. Where my analysis might come from higher frames like W , D or 1hr chart pattern which will be mentioned.

Target :- I do set target line based on support / resistance slightly above/ below it . Please pay attention to it

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