Monday, November 23, 2020

Results for 23rd Nov 2020

Took 3 trades. HDFC Bank, BNF PE and NF PE.

One SL hit in HDFCBank and the other 2 gave some.


HDFC Bank: This was a break above the previous ATH. It gave the needed BO as well as the pullback, though the pullback was only one candle. Pullbacks are generally a little longer but in stocks the pullbacks may not be that long before the underlying trend resumes. It promptly reversed and took the SL. There was no time even to trail the SL. 



BNF PE: This was the classic setup at the break of the PDH. After the break below the PDH it tried to climb back above it and failed to sustain above the PDH and I went short by buying PE as soon as the trend resuming towards the downside. This gave a nice move and I could have trailed but the loss in the first trade was topmost in my mind and I covered as soon as I was in the green.



NF PE: This was the same case as in BNF. Break below the PDH and failure to trade above it. This also gave a nice move in favor.








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30th Sept 2021