Manoj's Trading Diary

[manojborle]

20 ema tested should provide support

 

[timepass]

20 ema tested should provide support

Simplistically, I would expect it to breach its ATP (5597 now) at least once. Depending on NF's reaction will take any position.

 

[manojborle]

closed below 20 ema and no reversal, waiting for pullback to short with stoploss @ 5622.5

 

[manojborle]

looks like i missed a huge short, will see if can get in

 

[manojborle]

will take L1 short followed by L2 short and keep 20 ema as stoploss

 

[manojborle]

will take L1 short followed by L2 short and keep 20 ema as stoploss

Target will be yesterday's low 5550

 

[manojborle]

last 8 bars all bear trend bars with lower high and lower close, so this should be a very high probability trade, so will increase position size

 

[manojborle]

L1 short is active below 5568.35 but as i am keeping stop loss @ 20 ema which is 5592 risk reward is not favourable my target is 5550, so will wait for L2 short

 

[manojborle]

L2 short will be active below 5576.25 & will keep stop loss 5589 target 5550

 

[manojborle]

Short active sold nf @ 5576.2 for a target of 5550 with stop loss 5589