akshay1808

Short Bank Nifty

Short
NSE:BANKNIFTY   NIFTY BANK
Used combination of Renko hourly chart pattern clubbed with Supertrend indicator & EMA on NSE:BANKNIFTY . 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 NSE:BANKNIFTY
Trade active: Sold at 25189 (around 09:25). Falled around 280 (1.1%) and closed at 25902.
Comment: 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.
Comment: Sell Signal didn't yet came on Renko Charts although :)

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