Long

BANK NIFTY

Updated

Cannot share 5 min data directly as Trading view does not allow less than 15 min. As per my setup 5 min CCI is right on the support with price action near the demand area, I have gone long with SL of 40-50 points Risk and Reward of 300+ points. No rush to chase any trade but let the trade find you. WAIT & HUNT.
There is no shame if SL is triggered will keep updating.

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I dont mind taking SL as the R-R is high in every trade and only trade high probability trades

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SL is now Cost-Cost as in terms of option ITM market has moved 80 points so my SL in option will be above the buying price and will continue trailing until it touches my Target + no need to lose money if the direction changes.

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TARGET IS TILL 42650 AND ABOVE

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10:32 AM market made a high of 42640 with 150 points in ITM OPTIONS, TIME TO BOOK INTRADAY PROFITS.

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ALL PERSONAL TRADES CLOSED

Trade closed: target reached

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Market is at 1 min resistance at 42680 - 42720 this is a profit booking range as per my setup If I was holding one more lot I would have kept trailing SL for the target of high point of 42850.

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80% of total target is done with trailing SL + there is a breakout on 1 min frame on CCI which also indicates that the SL is very smaller and price should try to move upside with a bullish momentum till the supply zone of 43000.
In options we did exit the position with 120-130 points and if any continuation this is more than 200 points and we can still grab another 100 points in ITM options.

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100% target done and accurate close by fluke :)

rrithe9

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