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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out