01st Jun Bank nifty review

    My calls performance on 01st Jun 2022 shown in chart below

Chart Setup: 

·       I use only Bank nifty indices (Spot) chart i never use the bank nifty options chart (or) bank nifty Futures chart

 ·       I use only 5 min time frame i never use other time frame like 3 min, 1 min or Higher time frame 15 min & 30 min

·       To mark the 1st 5 min candle high and low 

All above 3 points are set after that only i planned for trading 

Indicator : 

·       I use the Camarilla Pivot point indicator "R3" & "S3"  (Only the Resistance 3 & Support 3) 

Chart : 

Reason for my Entry: (1st Trade)

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

·       At 09.50 AM one red candle break the 1st 5 min candle high and next candle also red

·       So it's 1st 5 min candle high breakout pattern

·         So I decided to give a Call in Banknifty 02nd Jun 35700 PE (Buy above 350) 

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

·         And i decided my Target 1st 5min candle Low

·         Stop loss was hit immediately 

·         In this trade i get 1 target only

Reason for my Entry: (2nd Trade)

·       At exactly 1st trade stop loss was hit their is a perfect 1st 5 min candle high breakout happen

·       So its is called stop loss and reversal trade

·         So I decided to give a Call in Banknifty 02nd Jun 35500 CE (Buy above 350) 

·         Its give a complete 1:2 result in both options and Index chart

Missed Entries: 

·       Camarilla pivot point "R3" Down breakout happen at 12.50 PM 

Missed entry chart: