Short BANKNIFTY below 25000
T1: 24675
T2: 24350
SL: 25210
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.
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.