Looks like Ascending triangle is formed in MRF on 1 hr/1 D time frame.
going Long in SEP Future, and selling 90000 CE.
Risk reward ratio is 6.6,
Volume is not so good, But the R/R ratio is good. So entered the trade.
SL - 80890.
going Long in SEP Future, and selling 90000 CE.
Risk reward ratio is 6.6,
Volume is not so good, But the R/R ratio is good. So entered the trade.
SL - 80890.
Trade active:
Went almost till 80907, but didn't trigger SL. Will see tomorrow, how this trade will go..
Trade closed: stop reached:
It's a false breakout. Sold 85000 CE to adjust the loss incurred.