Nifty opened within previous day range. IR formed. BOF of IRH gave a short signal . TP on BOF of IRL. Long on BOF of IRL. Nice up move. TP above PDH. BOF of PDH gave a short. Suspected the IR high to act as support. Shorted only below IRH. TP At BRN 5800
Is this an example of envelope formation day?
ReplyDeleteAdhi
ReplyDeleteEnvelops are intra day ranges engulfing an earlier intra day range
I have written a separate post on this
ST
STji,
ReplyDeleteSorry for late query on Monday...
I am surprised by your Monday's chart as you have not given any trade on that..
As after breaking the BRN there were opportunity to go long
Also short BELOW IRL.
Sir can you share how you filter not to trade opportunities...??
Thanks in advance
Regards
SAM
SAM
ReplyDeleteYes. You are correct
I stand out during announcements expiry and budget.
ST
Thanks STji....
ReplyDelete