Nifty opened within previous day range and spiked above PDH. Did not attempt a long as nifty had moved more than 40 points and I expected a consolidation. Made a Cigarette pattern. BO below the range low failed. Went long on the the break of range high which moved very well. due to stop triggering.
sir kindly update what does stop triggering means thnx
ReplyDeleteAmber
ReplyDeletePlease read
Structures and Patterns > cigarette
ST
I guess most of the order flow was on the short side. Look at the VWAP.
ReplyDeleteThanks, ST.
Regards,
sir thnx very much
ReplyDeleteSS
ReplyDeleteYes,I was expecting a VWAP run. But BRN 6100 acted as a barrier.When expiry is round the corner. BRN will attract strong order flow.
ST