Trading performance of 04th Jan 2021

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 My calls performance on 04th Jan 2021 shown in chart below



Reason for my Entry: 

·       Today SGX nifty opened with Positive & In pre market bank nifty closed at +259 

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

·       Today's 1st 5min candle high and low in Yellow line in chart

·       Almost 1st ONE hour market movement in sideways no candles break the 1st 5min high and low

·       Important point i follow in trading 1st one hour candles not break the 1st 5 min high or low i wait for 1st one hour high or low to be broken.

·       19th Candle broke the 1st 5 min candle low and 1 hour candle low

·         So I decided to give a Call in Banknifty 07th Jan 31500 PE (Buy above 350) 

·       Stop loss was 1st 5 min candle high (Most important point in trading is always trail your Stop loss)

·        I fix my target  1:2 


  Why i choose 31500 PE 

·         Today 1st candle high is 31459 and today candle not break and go up that point so i decided to trade in 31500 PE for good breakout


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



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