Price action has formed double bottom. Buy above 373.5 with the stoploss of 371. Targets are 376,379 and 382. Sell below 371 with the stoploss of 373. Targets are 368, 365 and 362. Trading rules. 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
Trade active:
Short. Today's high so far is 370.5 and I gave sell below 371.
Trade closed: target reached:
If you entered when yesterday's low was taken out 367.5 - 362 = 5.5 pts gain. If you enter at 15 mins low, 365.2-362 = 3.2 pts gain.
Comment:
Today adaniports high is 370.5. Low is 361.65. My sell call is from 371 to 362.
