TECH MAHINDRA LTD
Short
Updated

Towards Demand zone

This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.



DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
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Entry below 1069.60 only
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On shorter time frame 15 min
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Trade active
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Revised stop loss to 1083
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shift stop loss to cost, looks like it is considering itself in oversold zone.
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Trade closed: stop reached
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As of now it is in overbought zone. breakdown of 1128 lead to 1080 and below.
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Compression and now expansions coming below green or red lines, bias is still downside.
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Read as "Compression and now expansions coming below green breakdown or above red lines breakout, bias is still downside"
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It is short with stop loss above magenta channel.
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Back in range, now look for long opportunity
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NO trades yet
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Short only if todays range breakout happens, i.e. closing below 1038 (75Min time frame).
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Trade closed: stop reached
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Again
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Disclaimer