1)Day opened with BOF of RL(continuation of yday closing session).
Wanted to see weakness of bears before longing. But price ran up too quickly.
2)Looked very much like PP in making.
Expected this CT PP short to fail and was looking for an opportunity to long.
But it triggered a high momentum fall.
3)Looked like a climatic fall. Longed
BOF BRN and trailed closely, as it was CT trade. Trade was taken before seeing
the strength of bulls, trusting the strength of BRN. Got 7 points.
4)Longed at BOF BRN/LOD confluence.
Got 24 points.
In hindsight, price was moving in a
downward sloping channel throughout the day.
Disclay muchimer: I am not a Research
Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only
for my own learning purpose and recording my thoughts on intraday activity of
Market. I do not give any kind of trading advice to anyone. My methods will
result in severe losses. Hence please do not follow me.
