Reasons for Shorting and Setup:
1) Continuous selling pressure from June with good selling volumes at 2 previous supports.
2) Making some Lower Highs from June.
3) Trading below 50, 100 and 200 EMAs
Entry: Can enter around 149.00 to 149.50 after the breakdown of major support with good volumes. Entry level was kept bit lower to the support for a buffer.
Stop loss: Can keep SL at 154.00 which will be previous resistance once breakdown happens. Can trail SL above cost accordingly only if downtrend continues after the first target achieved. Else can exit.
Target: First target at 142.50 which is a support. IF selling continues the can see 135.00 to 133.00 levels.
RR Ratio: 1.3 (Entry - 149.50, SL - 154.00, Target - 142.50)
Note: Just keep an eye on NIFTY although it doesn't necessarily follows it.
1) Continuous selling pressure from June with good selling volumes at 2 previous supports.
2) Making some Lower Highs from June.
3) Trading below 50, 100 and 200 EMAs
Entry: Can enter around 149.00 to 149.50 after the breakdown of major support with good volumes. Entry level was kept bit lower to the support for a buffer.
Stop loss: Can keep SL at 154.00 which will be previous resistance once breakdown happens. Can trail SL above cost accordingly only if downtrend continues after the first target achieved. Else can exit.
Target: First target at 142.50 which is a support. IF selling continues the can see 135.00 to 133.00 levels.
RR Ratio: 1.3 (Entry - 149.50, SL - 154.00, Target - 142.50)
Note: Just keep an eye on NIFTY although it doesn't necessarily follows it.
Trade ativo
Ordem cancelada
Trade ativo:
still ctive
Comentário:
1.84 % so far from entry. 5% from high
Comentário:
2.7% so far from entry and 6.5% from day's high
Trade ativo:
First target achieved.
Trade fechado: objetivo atingido:
Can close trade or trail SL for second target.
Comentário:
Can trail SL near 145.00 and continue for second target. But beware of the result manipulation.
Comentário:
Trail SL to 144.50 and wait for the support to breach for second target
Trade fechado manualmente:
Trailing SL hit.