STBT

🔴 Bearish MA crossover in 75M TF with InvertedHammer candle formation
🔴 #Nifty closed below VPOC 17404 (VPFR of trending move 16300-17800)
🔴 Lost early morning gains after a strong opening and trading near PDL.
🔴 #RSIStairs trend turned bearish. Somehow managed to close above 40.

Will keep SL = 17525 on hourly closing basis and trade with bear spreads.

Comment:

Standard Disclaimer:

All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members/followers learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max us e it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.

Trade closed manually:

Trade Update: As #VolatilityAdjusted SAR (Stop & Reverse) system gave buy signal, #STBT trade closed. Initiated a 16650 bullish #ButterFly in 23 Sept expiry.

🟠 View negated. Signal turned out to be a loss making one.
🟢 Two back to back high vol burst buy candles in 75M charts.
🟢 #Nifty bounced with high volume and closed near day high.
🟢 #RSIStairs back above 55 in 75M & TrendMeter turned green.
🟢 On daily charts it made a #VSABreakOut candle in #Nifty
🟢 On daily charts #BankNifty made a #BullishPinBar candle.
🟢 If global cues stay supportive we may see a gapup tomorrow.