Manoj's Trading Diary

[bestbuddy1986]

i think its 5514

 

[manojborle]

sqauared off short @ 5504.7 & reversed position and exited again @ 5513

Started day with 2 wining trades .

Now yesterday's close is tested and bear trendline is also broken.
SO this should be followed by test of bear low which is 5494 and today's low is 5498 but it is formed before breaking the trendline
So expecting NF once again near these levels where I will go long keeping the low as stoploss

 

[manojborle]

13 bars on today closed below 20 EMA out of which 10 are below 20 ema.
So will go long with less quantity and short with original position size

 

[manojborle]

13th bar is a shaved top, a bullish signal so will enter long on pullback

 

[manojborle]

first stop loss for bulls is 5506.2 and the stop loss for early bulls is 5497.95

 

[manojborle]

first stop loss triggered but TBQ increasing near day's low

 

[manojborle]

going long @ 5508.45, stop loss 5497.95 target 5535

 

[manojborle]

long triggered got filled 5508.45

 

[manojborle]

expecting at least 2 legs up now

 

[manojborle]

Trendline break is followed by test of bear low @ 5498 and then followed by a higher low @ 5502
So expecting at least today's high to be tested so targets for me are 5535 and then 5550