Chennai Petro Short Trade
Today i shorted Chennpetro as you can see in chart.
The trade was successful with +4 Points.
I used opening range as a reference and waited till price show clear sign on breakdown.
I have drawn the Support and resistance lines for ref. The stock remain in the marked range for the whole day.
i wanted to short it again during afternoon session but i missed it.
check out the chart for my entry and exit.
Important Points
1. Stock Selection = I selected chennpetro as its result was on 29.10.2018 so we can see some action in stock today.
2. Entry Point = Below Opening Range i.e. First 1 Min candle range.
3. Exit Point = At next support level marked.
Today i shorted Chennpetro as you can see in chart.
The trade was successful with +4 Points.
I used opening range as a reference and waited till price show clear sign on breakdown.
I have drawn the Support and resistance lines for ref. The stock remain in the marked range for the whole day.
i wanted to short it again during afternoon session but i missed it.
check out the chart for my entry and exit.
Important Points
1. Stock Selection = I selected chennpetro as its result was on 29.10.2018 so we can see some action in stock today.
2. Entry Point = Below Opening Range i.e. First 1 Min candle range.
3. Exit Point = At next support level marked.
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