I'll go short on PNB tomorrow , only below 145, if it stays above it, no trade entry.
If it's below at 144, I'll go short :
A part for intraday, where I'll keep 1 point stoploss and target according to movement.
And the other part for positional, where stoploss would be 151 ( 7 points ) and target 132 ( 14 points )
Risk Reward :: 1:2
P.S. If you're buying options , go for 140 PE . Don't go below that. But beware of risks of options, only for pro traders who understand it completely.
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Went short 144 CMP - 140.8
Trade is going very well for me !
I hope you guys entered ! And made good money .
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140 PE value doubled from 1.6 to 3.2 . Good money today !!
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See its still above the line. Taking support. Don't add to your position.
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Intraday position closed at 139.75 . Positional trade active.
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140 PE, doing well at 3.25 . Holding.
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Keep holding shorts for tomorrow with trailing SL . Don't initiate fresh longs . Fresh shorts would provide a lesser RRR now.
135 would be a good place to book partial profits from positional trade .
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Yesterday we risked 1 point and gained 4 point on that.
Now for people doing positional bring down your stop loss from 152 to 145 now. So now even for positional we are risking just 1 point. Keep booking minor profits along the line.
Have a good day !!
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CMP - 138.1 . I HOPE YOU are in with me. 140 PE - 4.2
Trade closed manually
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Sorry, I have been busy with things, so didn't and can't update my positions anymore. Hope you were able to trade the setup well.
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Forming a channel, watch for the breakout above white line. Chart closed for me.
When stock is start falling from top to bottom and if I want to short on intraday basis than I should have follow the your above method (support and resistance lines)or some other factor must be considered.
thank you
Mahendra Singh
dravya
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@mpslko, hi ,
You can have any strategy , the point is it should make money for you , not once once or twice but in the long run.
Support and resistance trading isn't easy as it seems.
mpslko
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@dravya, Sir how i should implement positional short as on above chart positional short and positional target (I am learning [trading] on the equity cash ).
dravya
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@mpslko, You call up your broker and ask how to do short-selling. And then you can implement this.
@vanathi , I post stuff like this, with actual strategies which can be implemented as a trader. unlike yours, where it's more of a show off. there's no queestion of jealousy, lol, I am not here to become top author like you. I am here to help people trade and not post useless common sense stuff to impress common public. I know you will disagree but it is pretty visible what's going on. You are not in my league , then how can I even think of you as competition.
When stock is start falling from top to bottom and if I want to short on intraday basis than I should have follow the your above method (support and resistance lines)or some other factor must be considered.
thank you
Mahendra Singh