Hi Pasupathy,
I was almost on the verge of declaring to myself that I have broken the 'Pasupathy Code' !
But, the chart of BankNifty (of 22/03/2018) has made me to narrow my eyes in puzzlement, on the way you traded it
(successfully)!
As per the chart, it was the 20th (5M candle) and you shorted it @ 24343.
So far, what have I understood, it was not the place to take a trade. It is not your style of trading (until and unless, you have started
to follow some MA Crossover, like 3 n 8 or 5 n 13 etc. Yes! I concede that a crossover did take place at the time).
Whereas, had you taken the trade @24323, I would have recognized it instantly as your style of trade ! And still the target would
have been achieved.
But, then the chart tells altogether a different story of your successful trade. Congrats.!
It also shows that I ought to learn a little more to read your charts!
It is just my two cents of foolish wisdom. I wish you well.
I too did not trade today.
Happy trading.
Vijay
