SBILIFE Short trade for 1: 2.4 RR
Logic: SBI life has made a slight bearish move on the daily and weekly.
A supply zone at around 2000 levels can be seen as selling opportunity, the zone is confluncing with Point of control formed by the volume profile data too.
ENTRY: 1999.50
SL: 2019.25
TARGET: 1952.00
ENTRY TO BE MADE WITH CONFIRMATION ONLY. (If a candle on 25/ 30 mins closes below the low of prior candle, of when the price enters the zone and starts downward move.
#Trade to be taken in futures, take half the normal position size as it is a counter trend trade( higher time frame is still up).
#safe trading
Logic: SBI life has made a slight bearish move on the daily and weekly.
A supply zone at around 2000 levels can be seen as selling opportunity, the zone is confluncing with Point of control formed by the volume profile data too.
ENTRY: 1999.50
SL: 2019.25
TARGET: 1952.00
ENTRY TO BE MADE WITH CONFIRMATION ONLY. (If a candle on 25/ 30 mins closes below the low of prior candle, of when the price enters the zone and starts downward move.
#Trade to be taken in futures, take half the normal position size as it is a counter trend trade( higher time frame is still up).
#safe trading
Trade active
Entry triggered. Will wait for SL or target.Order cancelled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.