Ashok Leyland Swing Trade 11( Profit 9800)

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We are onto the trade 11 of swing trading

Our long trade was exited after hitting the stop-loss at 117.5 at this point. As we can see it was a start of a downtrend so we enter the trade at 117.35 with stop-loss at the top of the green candle.

Another lower top was formed and we updated our trailing stop-loss to the high of this lower top.

We can now see that it is again near its support level from which it reversed the last time. So now we update the trailing stop-loss to the top of the green candle.

Our stoploss was hit at 115.95.

VERDICT – A profit of 9800.

For further reference – Ashok Leyland Swing Trade 11

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