Monday, August 27, 2012

27082012

Nifty opened just above BRN 5400. First bar gave an impression that BRN is going to hold. But next bar broke BRN and gave a BPB short signal.TP at PDL. BPB of PDL was another short. Even though it moved well I scratched the trade with a small loss.

5 comments:

  1. sir, even i tried for BOF of PDL...and was kicked out..:)

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  2. where bpb is written at 13.05 it appears as bof of pdl. how cud u avoid it st??

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  3. one point i can see is that the pdl breach was maintained for good 20+ min . usually in bof trades in case bo, the breakout is very short and it reverses

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  4. Piyush

    I shorted the 12.51 bar marked with down arrow as BPB. But it failed to go down and came back above PDL My stop did not trigger. I scratched my trade when it fell to 5370 and bounced back to 5380.

    ST

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  5. thanx st.13.35 to 5368 it fell and in hindsight the bounce is another bpb of 5375 low (12-30 to 13.00)

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