Here are the results for the day.
Total 3 trades. 1 SL hit and 2 gave some.
AxisBank: Didn't move as anticipated and proved to be a laggard inspite of bnf moving so well in the morning.
TechMah: After a gap up, it consolidated and gave a move that captured some points in favor.
IndusInd Bank: This gave a better move compared to Axis and could book some points in favor.
Charts are as under:
Axis Bank:
Tech Mahindra:
TechM entry shows your skills in reading charts. Congrats for that entry. Why? Cause any good setup will turn profitable but to increase the take home one has to keep reaping the setup. One single step has 2 to 3 micro setups which helps in identifying small trends worth milking. I call it trading from A to B. Once a wise trader said a setup will create wealth once a trader learns that his stepup can give an extra dollar. A trading setup has a micro setup which is apart from your bread & butter setup. TechM entry clearly indicates that. With out passion & love for charts such things go unnoticed. Nice trade :)
ReplyDeleteThank you so much for your kind words and your observation is spot on! There are times when the chart tells you a story, only if you are willing to listen!
ReplyDeleteVery true!!
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