SL - 620
1. Reverse (Buy) position once price action goes above 628 levels and get 10-15 points rally and then short it again at 640-45 levels.
2. Hold for the closing of today and buy a Ce for hedge.
Hope the clue which i have giving will give you more insights in your feature analysis , still if you do not understand how to calculate the Exhaustion , Message me i will guide you step by step
I do get wrong in my analysis or get early into trade setups due to the fear of losing a good trade setup, or whatever may be the reason of being hooked in a trade setup but we shall always think of protecting capital in the market whether by revising stoploss or reversing the trade setup to the extent where technicals are justified or just closing trade initially with risk management in order to be in the game and to initiate a new trade. This my trading style, which might be completely different from you but I believe our motive remains the same i.e. maximizing profits and protecting capital.
Thanks for making an effort to provide a feedback as it will surely improve the quality of trade setups which I post or share here. Regards
It made a high of 625.6, hope it gaps down on Wednesday.