vanathi

SunTV - Inside the triangle!

NSE:SUNTV   SUN TV NETWORK LTD
Price action is consolidating inside a triangle. Buy above 837 with the stoploss of 833. Targets are 842, 846 and 850. Sell below 833 with the stoploss of 837. Targets are 829, 825 ans 823.
Trade active
Trade closed: target reached: All targets done!
Comment: See the power of "Vanathi rules" Price didnt break 15 mins high and didnt give entry for long. Full day down trend.
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Hi Vanathi,

Good Morning!! God Bless you for guiding us!!
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vanathi Cmakkar
@Cmakkar, Good morning. Thank you for the kind words.
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@vanathi, I was long in this trade but SL hit and I took reverse position that worked and i reduced my loss to just 1100. Theoretically, reversing position is a bad habit but my good luck :P
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Ranjeeth jaguar.paw198
@jaguar.paw198, I was also long on this trade fortunately able to book profit at 394.50.....since rsi reversed at that point I booked profit....
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Ranjeeth Ranjeeth
@Ranjeeth, sorry it was 839.50
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vanathi jaguar.paw198
@jaguar.paw198, As per my rules, I didnt get entry for long. I have posted the chart above, Pls refer that.
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@vanathi, look at 11.30 15 min candle. It touched 837.30. Thats why I entered. Should we enter withing 1st 15 mins only ?
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vanathi jaguar.paw198
@jaguar.paw198, Depends on your trading plan.
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@vanathi,
"As per my rules, I didnt get entry for long. I have posted the chart above, Pls refer that."

Whats the meaning of above statement considering that it did give entry at 11.30 ?
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Levels mentioned are for day trade right mam?
+1 Reply
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