Trading performance of 18th Jan 2021

   My calls performance on 18th Jan 2021 shown in chart below

Reason for my Entry: (1st Trade)

·       Today SGX nifty opened with Negative  & In pre market bank nifty closed at +28

·       Today's 1st 5 min Red candle open and close between "R3" & "S3"

·       Today's 1st 5min candle high and low marked in Yellow line ( Chart )

·       At 09.50 AM  red candle open and close below "R3" (Candles are 2nd time rejected by "R3"

·         So I decided to give a Call in Banknifty 21st Jan 32100 PE (Buy above 350) 

·       Stop loss was previous candle high (Most important point in trading is always trail your Stop loss)

·        I fix my target  as "S3"

Reason for my Entry: (2nd Trade)

·       At 11.35 AM red candles break the "S3" and close below "S3"

·        Next  candle also Red, So their is a possible for down trend

·         So I decided to give a Call in Banknifty 21st Jan 32000 PE (Buy above 350) 

·       Stop loss was Above "S3" (Most important point in trading is always trail your Stop loss)

·       Target  is 1:2 Ratio

Reason for my Entry: (03rd Trade)

·       2nd trade is "S3" breakout method so i strongly believe huge down today so i enter once again at 11.30 AM 

Reason for my Entry: (04th Trade)

·       At 02.35 PM red candles break the "S3" and close Below "S3"

·        Next  candle also Red, So their is a possible for down trend

·         So I decided to give a Call in Banknifty 21st Jan 31900 PE (Buy above 350) 

·       Stop loss was Above "S3" (Most important point in trading is always trail your Stop loss)

·       Target  is 1:2 Ratio

Note: 

·       Todays 3rd candle is rejected by "R3" and next candle also red i entered in PE but next candle hit my stop loss and reverse to "R3"

 

Check the below screenshot of my calls posted today in my APP (Click here to download the app)