UnknownUnicorn5412484

Short Bank nifty

Short
NSE:BANKNIFTY   NIFTY BANK
chart tells thousand stories. Entry is defined -Exit can be modified as market progresses.
Comment: Yesterday was gap down, hence missed entry. Waiting for prices to hug upper parallel for short entry. Patience is virtue.
Comment: Short entry fall short of 150 points; We are waiting for prices to hug middle parallel as described in chart. our entry point now shifted to 21900 from 21740, their by reducting our risk and increasing reward.
Trade active: initiated short as per plan @ 21900
Comment: stop loss @ 22738
Comment: Market structure has confirmed short, as of now
Comment: Gap up opening, SL is secrocent.
Trade closed: stop reached

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