Description
⋅ Small Trade for target of about 1.3 points
Entry @ CMP (185.3)
SL: 184.8
TGT: 186.5-186.6
Trade active
⋅ entered @ cmp (185.3)
Comment
⋅ I have kept my SL as 184.8/ and TGT as 186.6
Either of them will hit I will exit - not going to update SL.
This is a small trade - No good scenarios developed for other commodities.
Trade closed: stop reached
⋅ SL hit- trade closed at 184.8
Entry was 185.3
Loss: 0.5 points=625 Rs Approx (incl brokerage & tax will be arnd 700-750 Rs)
Comment
⋅ Since the candle has closed well below the key zone- a good fall may be expected.
However the previous high volume on the upper side makes me confused so only not entering reverse trade.
No more trades for the day.