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theTradingSailor
Jul 8, 2020 3:58 AM

UPL- SHORT below 458.5 ONLY Short

UPL LTDNSE

Description

UPL Short below 458.5 (only if 5 min candle close below 458.5-458.6)
SL: 5 Point
TGT: about 8 points (will update later)

Trade active

Shorted 1 lot Fut @ 459 Spot (pullback)

Comment

Revised SL: above 459.15 (Just 0.15 Points from my entry)

TGT: 450-452

Comment

Safe traders can exit @ CMP (457 spot)

Comment

5 min candle patterns showing reversal signs - hence told to exit,

Slight bullish momentum seen - if you are not wanting to take whatever profits now, you can trail the SL to entry prive (so as to exit cost to cost) and keep TGT of 452

Trade closed: target reached

Self exiting @ cmp 0.5% profit booked

Comment

Phewwwww.. That Candle ---- tested the patience a lot - just now hit the tgt - Unfortunately I am out of trade
(Hope those who revised the SL to entry price - would have now easily booked the profit).
:)

Comment

Shorted @ 459 spot
Revised SL: 459.15 (actual SL was 5 points)
Tgt hit @ 452 (but I exited at 456.5-457)
Risk:0.15 points, reward: 7 points (myself only 2+ points)

Comment

Today's Live trade (Uploaded by Noon)

youtu.be/6OalZtD9Lu0

Comment

Previous video that was uploaded was not good, reuploading again.

youtu.be/17VIK5mivAU
Comments
saket_parab
Hi, UPL is in uptrend and a breakout was expected soon. Today after such a strong opening and good volume for the first 30 mins, what made you short it? Just want to know your thought process here, it was a wickedly clean trade though :)
theTradingSailor
Previous video that was uploaded was not good, reuploading again.

youtu.be/17VIK5mivAU
theTradingSailor
youtu.be/6OalZtD9Lu0

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