Daily charts:
- trend is up on daily charts
- today nifty closed 3% in positive at 9267
- AD was 7:2
- hanging man pattern formed
- VIX dropped 8% to 42
- triangle / wedge pattern still valid
- swing low 8000
- ATR (14) drops to 450
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhget4aWqxPYUN3wxMTOuxFC9jaNnpZgIKWda2-ji5ZIdd4F2wjbdM5V_SkPuPIvojxyRh_F19keU4-F-0NusgPMmFxx11PvOsyg6gjTr5NQG5S7msX2RetFHubV9UL0AxCZjF8cB_dP5V1/s640/a.png)
3 min charts:
- first signal (buy) no valid as it was red bar and close was not near high
- SL at 3 bar or 5 bar high (or low) depending on trend
- above simple rule will force an exit even if take a wrong trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyGD3lRSb7aDbjcJPn0Yzoys6CIlq3rEKsuk-iq9gnhJp1SiCvgEhAUu6UFYV9chxQbpBaQrEDU-yHGYWf8toi3Acy95Pt85xm_2gCmpIWzWVWhRwfsFdEZpz-1qfwO92KtzTSz8CLbXL2/s640/a.png)
5 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZ57O58fRQj_uHsnlWivsZ6w9NxFLlNEJhjItZ66W9xE6PTYfPpVVZZsH1n1s7qJLdcxsrEVnym32bKpZy_t4lE6o750NxzYAoU_H2hRdFo8V_2sVAd9z83iB_fMNB4al1JU9NRO3V_Dpi/s640/a.png)
- trend is up on daily charts
- today nifty closed 3% in positive at 9267
- AD was 7:2
- hanging man pattern formed
- VIX dropped 8% to 42
- triangle / wedge pattern still valid
- swing low 8000
- ATR (14) drops to 450
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhget4aWqxPYUN3wxMTOuxFC9jaNnpZgIKWda2-ji5ZIdd4F2wjbdM5V_SkPuPIvojxyRh_F19keU4-F-0NusgPMmFxx11PvOsyg6gjTr5NQG5S7msX2RetFHubV9UL0AxCZjF8cB_dP5V1/s640/a.png)
3 min charts:
- first signal (buy) no valid as it was red bar and close was not near high
- SL at 3 bar or 5 bar high (or low) depending on trend
- above simple rule will force an exit even if take a wrong trade
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyGD3lRSb7aDbjcJPn0Yzoys6CIlq3rEKsuk-iq9gnhJp1SiCvgEhAUu6UFYV9chxQbpBaQrEDU-yHGYWf8toi3Acy95Pt85xm_2gCmpIWzWVWhRwfsFdEZpz-1qfwO92KtzTSz8CLbXL2/s640/a.png)
5 min charts:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZ57O58fRQj_uHsnlWivsZ6w9NxFLlNEJhjItZ66W9xE6PTYfPpVVZZsH1n1s7qJLdcxsrEVnym32bKpZy_t4lE6o750NxzYAoU_H2hRdFo8V_2sVAd9z83iB_fMNB4al1JU9NRO3V_Dpi/s640/a.png)
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