Short trap , losing first trade. An expected but bigger bounce off from 200EMA on 5-min, 25EMA 1 hour and BB mid on 1 hourly. But bias still looks bearish, watch out for Stoch crossover in uppermost quartile on hourly.
Where was ideal exit for swings on 15th march and 17 March if trading with 15min visual trend.? Immediate counter trend gaps. after entries , i lost confidence.
Further, banknifty (spot) daily seems to be developing a bearish divergence on stochs, or will it form a hook and bump up above its 100DMA (around 15800). Going to be a Fryday for sure.
Short trap , losing first trade. An expected but bigger bounce off from 200EMA on 5-min, 25EMA 1 hour and BB mid on 1 hourly. But bias still looks bearish, watch out for Stoch crossover in uppermost quartile on hourly.