Opened above PDH , but could not sustain, came down immediately.
As the FTA- PDC is nearby, no need to go for short.
1. Trading below PDC gave a sell signal, which immediately hit SL. (Loss: 5 points)
2. Trading below PDC again gave a sell signal, with target1- BRN, target2-PDL. It did reach target2.(Profit: 25points)
3. After hitting PDL, started moving UP again , gave a buy signal, which got resisted at 1700 spot , so TP ( Profit 2 points)
4. Formed a kind of double top at 1700 spot, which says its not ready to go up beyond 1700 spot, hence a short again with PDL as target 1. When it didnt go below PDL , TP again at 5.(Profit 10 points)
Profit / Loss : +32 points
Discalimer: It is a hindsight analysis and the profits are notional and not real unless really executed.
No comments:
Post a Comment