I have traded Bafinance 100 quantity last week .
Here is the trade result:
I blurred other columns as those expenses includes all equity trading in this period.
Plan for next week;
1. Increase position size
2. I will take three trades one early morning 9:5 to 9:45, 11 AM - 1PM, 2PM to 2;45 PM
High of January'20 4923
Low of May'20 1723
50% 3356
Bajfinace closed below 50% in October
Price is near median of 10 days Donchian channel
RSI(14) 48.35
ADX 12.2
MACD D below zero line
30th Oct High 3389 and low 3255
Bajfinance is consolidating in daily TF . It is forming lower high and higher low structure. Normally, brake out in any direction can give a big movement.
However OI analysis shows short build up.
Stock is trading close to 200 DEMA . If stock closes below 200 EMA with volume , stock can be shorted for a target 3170
ATR of Bajfinance is 100.
Trade plan for 2nd Nov - Quick scalping of 10/12 points in 2 min TF.
1 Will use Nimblr multi timeframe analysis for scalping. As long term trend is negative. Will short the Bajfinance future whenever CCI 8 in 5 min TF goes above 150.
2. I will trade close to refer 20 MA and 200 MA
3. Will buy if 3 hour and 40 minute trend become positive together.
