Re: Time to Stick my Neck Out ,Nifty 7300
Very boring day of trade till now unable to take position
Regards
In 5 min. chart it was a sell below 5047, sold at 5044.80, with a filter.
Tgt is 5025.20 (at 5025 i exit part qty. and change my SL to cost+filter Rs.2/-), did high of 5045 and low of 5026 after entry. Still holding the short. Entry stop loss was 20 points.
Would have exited near 5026 , was not watching the screen and sell was fed at 5025.20
Trade was taken as per Kolkata meet indicator. Trading rules decided by checking last six months charts in 5 min. time frame.
Seems very good if not excellent!!!!!!!!!!!!!!!!
The SL is now 5037+ filter= 5039.20, i go long at 5039.20 with 20 point entry SL