I am not a certified analyst. The charts shown and the content in the blog are for educational purpose only and in no way is a buy or sell recommendation. Readers are advised to use discretion.

Friday 23 May 2014

Intraday Trades - 23.05.2014

Intraday: Nifty moved straight up after 4 days of consolidation. Wasn't having any signal to enter.
1) Long on break of high of PDH breaking candle as close was outside BB. Closed on an inverted hammer. There was a signal to go short, but didn't take as bias was positive.
2) Another Long on BOF of day's low at breaking of PDH. Closed in the end with a Tag on UBB (Red candle). Both the trades were just similar in terms of Reward.

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