13 Jun 2017 Bank nifty has been breakdown recent low, might be start the downtrend.
Level 23200-22900, here is one swing high possibility approximate target 23477-23570, watch for pullback or pullback breakout above 23650 then make new high instead down trend confirm
Divergence: 1 hrs, 4hrs, Daily
Trend up but MACD down, so i will wait & short from pullback 23650-620, (Risk reward ratio: 3:1, 1 lot Short between Rejection Area after confirmation 2 lot short 23350) with strict stop loss.
52 Week High-Low: 26708 - 16946
19 Jun: Today high 23615
Trade active
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Short entry @ 23620-650, 1 lot , this is spot price.
Trade active
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Again short 1 lot 23770-820
Trade closed manually
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Take first trade entry profit 23450-23530, if pullback will take short again cmp 23520
Trade closed manually
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book profit at 23575-620 which is short at 23770.
Comments
MrAkshatP
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nice
suryaraj
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OKay
suryaraj
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Is the Call still open? Is it Positional?
estockmarket
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@suryaraj, Call active from today 23615-23650, entry with partial qty
estockmarket
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@suryaraj, positional target 23170-22700. Use strict sl 3:1 i.e 450 (target from entry price):150 (sl from entry price)