Manoj's Trading Diary

[manojborle]

all 13 bars are above 20 ema, if it reaches to 20 odd bars it will be a strong bull trend day

 

[manojborle]

now 16 bars above 20 ema

 

[manojborle]

20 ema @ 5578

 

[manojborle]

now again in tight trading range of 5582 - 5589 for last 5 bars

 

[manojborle]

20th bar trading below 20 ema, so buyers should come in now

 

[manojborle]

20th bar closed marginally below 20 ema

 

[manojborle]

so now trading range is 5574 - 5589

 

[manojborle]

buy nf @ 5580.6, stop loss 5576.1, target 5690.65, 5600.65

 

[manojborle]

fight between bull & bears in progress, hope bulls win

 

[manojborle]

bears made a first push down & made a low of 5572.8 and now second attempt is in progress, if this fails then market has to do the opposite and go upwards