I entered a long trade on Avenue Supermarts (DMART) earlier this week after noticing a clean reaction from the broader support zone on the daily chart.
Before entering, I cross-checked the setup on Tradomate Insights, and the numbers looked solid:
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Pattern: 10-Day Support Bounce
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Win Rate: 80%
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Avg Return: ~2.86% in 15 days
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Backtested TP: ~5.94%
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Backtested SL: ~-5.67%
Even though the insight suggested a slightly wider stop loss, I placed my SL just below the marked support area on the chart. Given how price has respected this zone multiple times, it made more sense to keep the risk tight.
Iām currently up ~1.75% on the position. Plan is to hold it until price reaches the first swing high circled on the chart or ideally all the way to my full TP.
Posting this here to see how others would manage this trade at the moment as the market makes higher highs.
