- As I mentioned the Swing boarder values ( 5805-5899) and the BB Border values, I thought of going for an intraday trade. Normally I do not do intraday, as I had other commitments too. Today. I was a bit free of other commitments. So…
- I entered a SHORT trade seeing it sustaining below it. The swing border was at 5805, but, seeing the momentum being reduced, I covered it at 5810.
- Now, again, as the swing border was at 5805 and due to the same reason of Point no. 2, I entered a Long trade with a 5800 call (this time, a quick decision to change to 5800 from 5900. The reason is it is too close to 5800).
- Placed the same stop of Rs.10 and now in comfortable position. .
- Now, I am waiting it touch 5899 to cover it. I may hold it till EOD. It depends on how the market reacts.
- However, it is an intraday trade and it can swing to any direction. So, in a short while, I plan to move my stop to breakeven, so that there is no loss for the trade.
Note: This approach was posted only to educate, those in need. This is my personal approach only.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
