Trading performance of 24th Dec 2020

 My calls performance on 24th Dec 2020 shown in chart below

 


Reason for my Entry: 

·       Today SGX nifty opened with Positive & In pre market bank nifty closed at +188 

·       Today's 1st 5 min Green candle open above "R3"

·       I  marked today 1st 5min candle high low in pink line in chart

·       2nd candle also green candle and break the 1st 5 min candle high

·       So their is a high possibility for UP trend today

·       But next candle (3rd candle) not a confirmation candle so i wait for few more candle after 2 continuous green candle i confidently enter in to trade

·         So I decided to give a Call in Banknifty 24th Dec 30000 CE (Buy above 350) 

·       Stop loss was previous 2 candle's Low because previous candle is red and candles are not go down below that red candle low so i feel their is a small support zone in that place  (Most important point in trading is always trail your Stop loss)

·        I fix my target  1:2 


  Why i choose 30000 CE 

·         Today market opened in "R3" (30025) so i decided to trade in 30000 CE 


Check the below screenshot of my calls posted today in my APP (App link given in Follow me Tab) 


Comments

  1. Thanq for ur guidance and nifty calls

    ReplyDelete
    Replies
    1. Thanks for your valuable feedback. Keep support us and share the app for your trading friends.

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  2. Sir in today's call on 28 th stoploss hitted after target 1...at that time what we have to do....hope in ur call and shall we re entry

    ReplyDelete
    Replies
    1. Sir simple technique I use for that after hitting stop loss I get a confirmation candle that means 5 min red candle open and close below my stop loss their is a high possibility for down trend but yesterday not get confirmation candle . So I belive market go up side so I take a risk and re entered.

      Delete
    2. Today I post the chart with explanation for 28th Dec. Yesterday due to some work I can't post that . Thank you

      Delete
  3. Please deatails for paid group

    ReplyDelete
  4. Good technique thanq daily I wait for ur explanation to learn...

    ReplyDelete

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