NG- Long

Mar 17, 2021

Small Trade for target of about 1.3 points
Entry @ CMP (185.3)
SL: 184.8
TGT: 186.5-186.6

Mar 17, 2021

Trade active

entered @ cmp (185.3)

Mar 17, 2021

Note

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.

Mar 17, 2021

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)

Mar 17, 2021

Note

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.