Banknifty 1% risk reward trade. Convert it to 5Mins Chart.
So, the day today started with a gap up and could not sustain. We got a big red candle on a 5mins chart.
Marked the high low and the mid of it.
Shorted at the 3rd candle and a rejection at the mid of the first big bear and a bearish engulfing candle.
Stoploss was the high of third candle and target was previous day high. A good risk reward.
9:45AM and the 7th candle I got stopped out. I hardly take 1% risk of the capital deployed.
Booked loss and watching the price action now.
35200 spot is a clear Supply zone.
Lets see how it works for me tomorrow.
Convert the chart in 5mins as lower TF charts cannot be published here. Thanks.
Today's loss is 850 Rs.
Marked the high low and the mid of it.
Shorted at the 3rd candle and a rejection at the mid of the first big bear and a bearish engulfing candle.
Stoploss was the high of third candle and target was previous day high. A good risk reward.
9:45AM and the 7th candle I got stopped out. I hardly take 1% risk of the capital deployed.
Booked loss and watching the price action now.
35200 spot is a clear Supply zone.
Lets see how it works for me tomorrow.
Convert the chart in 5mins as lower TF charts cannot be published here. Thanks.
Today's loss is 850 Rs.