Can Fin Home SnR trade

Oct 25, 2017

Support and Resistance trade leading to a low-risk high gain trade opportunity. Bought Nov futures at 506.1 with stop loss at 496.9

This can be called as catching the falling knife. You may want to wait till the fall is complete i.e a green candle is formed.

Oct 26, 2017

Note

It went down to scare like hell but it didn't manage to hold the stop-loss levels on a closing basis and instead made pin bar formation.

Oct 27, 2017

Note

Hold on. It is not hitting SL on closing basis yet.

Oct 30, 2017

Note

Still Hold. It is not going to hit SL today for sure too.

Oct 31, 2017

Note

We may need to close this today with a loss. Waiting for closing basis.

Oct 31, 2017

Note

Stoploss triggered.