tRex88
Short

BANKNIFTY short setup

NSE:BANKNIFTY   NIFTY BANK
Short BANKNIFTY below 25000

T1: 24675
T2: 24350

SL: 25210
Oct 19
Trade closed: stop reached
Oct 19
Comment: Tough fight going between bulls and bears at the channel bottom to gain dominance.
Oct 19
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
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