tRex88
Short

BANKNIFTY short setup

NSE:BANKNIFTY   NIFTY BANK
Short BANKNIFTY below 25000

T1: 24675
T2: 24350

SL: 25210
Trade closed: stop reached
Comment: Tough fight going between bulls and bears at the channel bottom to gain dominance.
Comment: I have seen taken many trades in the past when price opened above my buy entry/below my short entry yet I waited for a pullback towards my entry level. Most of them were unsuccessful.
This trade is one such unsuccessful trade. Price opened at 24966. I waited to short at 25000 level and SL hit immediately. In future i will avoid taking position in such scenarios or find a better way to rule out the odds against my favour.
Just read your comments.. It was very useful for beginner like me. Do share more such experiences
+1 Reply
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out