Short Bank Nifty

Used combination of Renko hourly chart pattern clubbed with Supertrend indicator & EMA on . Supertrend indicator clearly giving a bearish signal along with Renko charts reversal & EMA crossing.
This signal is further confirmed by Aroon indicator below where red bearish indicator crossing above the green bullish indicator.
Go ahead with shorting

Trade active

Sold at 25189 (around 09:25). Falled around 280 (1.1%) and closed at 25902.

Note

No Targets & stoploss is mentioned for this call. We will close short position when:
1. Supetrend turn bearish (Showing down arrow)
2. Aroon bullish indicator (green) cross bearish indicator (red)
3. Renko charts turns green and start moving upwards crossing EMA line.

Normally all these 3 things happens simultaneously with an hourly gap. If not, we will ignore it and continue our bearish position.

Trade active

Maintain your short position. Tomorrow we should see some downside.

Trade active

Patience is paying well. Bank Nifty reversed and falling further. Gained 750 points till now (reached 24448 level)

Trade closed: target reached

Gained 1300+ points. Now it seems I should sell. Made profit of 205% on CE24500 28MAR2018.

Note

Sell Signal didn't yet came on Renko Charts although :)

akshay1808

Also on:

akshay1808

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.