imo
You should then hold the scrip for 30 min or 60 min tgt BUT the SL for the same would be different i suppose, much higher. So if ur SL survives then 30 min or 60min pattern tgt, if not then you get back into higher TF EOD SL and tgt.
Say for eg EOD tgt 260 SL 239 entry at 242.
Now 30 min or 60 min tgt giving you 374. But natural your SL would be higher bcoz of lower TF, so say 241 or 240.50 or whatever. If that survives then you are on, if not then you take your next SL, since lower TF pattern is negated BUT higher TF pattern is not as SL is still alive.
Hope I am clear and not going round in cicrles explaining to you
This is just from my own simple logic and no books / research etc. This is what I understood I should have done if I were in that trade. I could be dead wrong and would request you to take your own judgement.
Also, is this Gitanjali u r talking abt ? Can you post chart and lower TF patterns? If not Gitanjali or if u r not comfy to post, cool ....
You should then hold the scrip for 30 min or 60 min tgt BUT the SL for the same would be different i suppose, much higher. So if ur SL survives then 30 min or 60min pattern tgt, if not then you get back into higher TF EOD SL and tgt.
Say for eg EOD tgt 260 SL 239 entry at 242.
Now 30 min or 60 min tgt giving you 374. But natural your SL would be higher bcoz of lower TF, so say 241 or 240.50 or whatever. If that survives then you are on, if not then you take your next SL, since lower TF pattern is negated BUT higher TF pattern is not as SL is still alive.
Hope I am clear and not going round in cicrles explaining to you
This is just from my own simple logic and no books / research etc. This is what I understood I should have done if I were in that trade. I could be dead wrong and would request you to take your own judgement.
Also, is this Gitanjali u r talking abt ? Can you post chart and lower TF patterns? If not Gitanjali or if u r not comfy to post, cool ....
How do we trade pattern on daily chart and pattern on 30 min chart and pattern on 60min chart? Let me be more clear...
Say for I had initiated trade based on daily pattern which gave me tgt of 260... now stock started moving towards my target and within this movement or journey stock started developing pattern on 30 min and 60 min chart and that pattern very similar to daily pattern and based on the same method used on daily pattern... now situation is daily pattern gave me tgt of 260 but 30 min and 60 min pattern which is developed recently giving me tgt of 274 or so...... What should I do???
Bests,
Apurv
Say for I had initiated trade based on daily pattern which gave me tgt of 260... now stock started moving towards my target and within this movement or journey stock started developing pattern on 30 min and 60 min chart and that pattern very similar to daily pattern and based on the same method used on daily pattern... now situation is daily pattern gave me tgt of 260 but 30 min and 60 min pattern which is developed recently giving me tgt of 274 or so...... What should I do???
Bests,
Apurv