Why i took the trade cause tatamotor was trending higher and it should exhaust and touch a decent support level of 114.10-114.15 .
For next few minutes it trended in my way reaching down by .60 paisa but then bulls came i was out hitting stop loss.
So today i took three trades two in JSWSTEEL one in VEDL only marginal gain… But green is good.
My support and resistance worked well atlest on the Resistance side, But R&R didn’t Worked well. only net profit of RS 49.48 …
Simple i took trade in the range of RS 100-250 , I only do in Nifty50 To get high volatality and volume. I LIke to trade stocks on Trending but my support and resistance gives me opportunity on Reversals. I also had set up a pi scanner on momentum got a few signals but never traded …Thats it. And yes MACD