How do I set the target and stop loss in intraday trading?



Target and stop loss both are calculated before placement in their respective limits cap. Target is simply your expected profit whereas stop loss is the maximum limit of amount you are willing to lose.

There are many techniques to calculate and put them in their places such as Pivot points, Fibonacci, CandleVolume Charts etc. Traders use the one that suits them the most so you can also try them and choose that suits the most. If you are still confused then you can either find a good mentor or consult an advisory company like 100mcxtips, Bazaartrading etc who can guide and provide you advice on the basis of technical and fundamental analysis.

(Source: https://www.quora.com/How-do-I-set-the-target-and-stop-loss-in-intraday-trading )




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