My view on
NIFTY
Daily Support Trendline breakdown trade.
Normal entry: Below close 3-5 pts buffer.
Deeper entry: On 2Hrs SZ.
I would prefer deeper entry because the candle is huge, with minimum risk & maximum reward.
SL 21pts above high. (ATR D value 206)
SL options buyers 70% of the zone (from buying point to the SL.)
Check once & correct if anything is wrong.
Before taking the trade check all the rules & market sentiment.
NIFTY
Daily Support Trendline breakdown trade. Normal entry: Below close 3-5 pts buffer.
Deeper entry: On 2Hrs SZ.
I would prefer deeper entry because the candle is huge, with minimum risk & maximum reward.
SL 21pts above high. (ATR D value 206)
SL options buyers 70% of the zone (from buying point to the SL.)
Check once & correct if anything is wrong.
Before taking the trade check all the rules & market sentiment.
nnJhavarePatil