23 Jun 2017 :: Bank Nifty
I was failed on HH level (Price rejection area) because i feel didn't made new high with respect of previous high, but i forgot previous trend line Higher low then bank nifty hit new high that time keep as per risk rewards ratio and by luck bank nifty hit target 23477-577, booked 1 lot profit at 23530, 1 lot carry on (short 23770). Bank nifty still in up above 23311, once breakdown it will convert into down trend in short term.
I was failed on HH level (Price rejection area) because i feel didn't made new high with respect of previous high, but i forgot previous trend line Higher low then bank nifty hit new high that time keep as per risk rewards ratio and by luck bank nifty hit target 23477-577, booked 1 lot profit at 23530, 1 lot carry on (short 23770). Bank nifty still in up above 23311, once breakdown it will convert into down trend in short term.
Trade closed manually:
Take profit at 23575-620, which is 1 lot bank nifty short @ 23770.
Comment:
Above 23311 buy trend and alert for book profit at HH.
Comment:
i will try to exit 23650-750-850 with partially then wait and watch till new high if possible instead rejected area will short.
Comment:
Exit all buy position.
If Pre Market is positive or negative will try to exit. Got again short divergence. May be deep correct approx 500-800 points, will take support 22500-22200
If Pre Market is positive or negative will try to exit. Got again short divergence. May be deep correct approx 500-800 points, will take support 22500-22200