February 3, 2014

Intraday analysis

Possible signals/ trades are shown in boxes.

First box shows breakout failure as nifty crosses day's high and then reverses.

Second box confirms weakness... this is the region where short trades could have been initiated.

Third box shows exit of short positions and possible long trades. A long trade here would have been stopped out at the 13.50 bar.

Last box shows setup for another short trade. I did not trade this.

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