⚡ Trade Setups with Precise Stop Loss Rules
A) BULLISH BREAKOUT (PREFERRED):
✅ Trigger: Hourly candle CLOSE > 24,700 (breakout confirmation).
🎯 Targets:
T1: 24,800
T2: 24,950 (triangle high)
❌ STOP LOSS: Below the LOW of breakout candle (e.g., if breakout candle low = 24,685, SL = 24,684).
B) BEARISH BREAKDOWN:
✅ Trigger: Hourly candle CLOSE < 24,465 (breakdown confirmation).
🎯 Targets:
T1: 24,350
❌ STOP LOSS: Above the HIGH of breakdown candle
🚫 STRICT NO-TRADE ZONES (NTZ):
Upper NTZ: 24,535 – 24,700
→ Avoid longs/shorts. Wait for confirmed breakout/breakdown.
Lower NTZ: 24,535 – 24,465
→ Avoid premature shorts. Only trade on confirmed close < 24,465.
Price Bias: Bullish Edge: Repeated tests of 24,700 suggest weakening resistance. Breakout likely if volumes surge.
Bearish Caution: Failure below 24,535 may accelerate selling toward 24,350.
📅 Critical Notes:
Expiry + Holiday Risk:
15th Aug (Fri): Weekly Expiry + Independence Day Holiday (Market Closed).
16th–17th Aug (Sat–Sun): Weekend closure.
🛑 NO BTST: Square off all positions by day’s close (14th Aug). Holding overnight into expiry + 3-day break = unacceptable risk!
Disclaimer:
This idea is for educational purposes only. The market outlook involves substantial risk, especially during expiry and holidays. Do NOT hold positions overnight. Trade with strict stop losses, and adjust position sizes to volatility. Consult a financial advisor if needed. Jai Hind! 🇮🇳"
Happy Independence Day! Celebrate freedom, trade disciplined.
Key Tip: Trail SL to breakeven at T1 to protect profits.
A) BULLISH BREAKOUT (PREFERRED):
✅ Trigger: Hourly candle CLOSE > 24,700 (breakout confirmation).
🎯 Targets:
T1: 24,800
T2: 24,950 (triangle high)
❌ STOP LOSS: Below the LOW of breakout candle (e.g., if breakout candle low = 24,685, SL = 24,684).
B) BEARISH BREAKDOWN:
✅ Trigger: Hourly candle CLOSE < 24,465 (breakdown confirmation).
🎯 Targets:
T1: 24,350
❌ STOP LOSS: Above the HIGH of breakdown candle
🚫 STRICT NO-TRADE ZONES (NTZ):
Upper NTZ: 24,535 – 24,700
→ Avoid longs/shorts. Wait for confirmed breakout/breakdown.
Lower NTZ: 24,535 – 24,465
→ Avoid premature shorts. Only trade on confirmed close < 24,465.
Price Bias: Bullish Edge: Repeated tests of 24,700 suggest weakening resistance. Breakout likely if volumes surge.
Bearish Caution: Failure below 24,535 may accelerate selling toward 24,350.
📅 Critical Notes:
Expiry + Holiday Risk:
15th Aug (Fri): Weekly Expiry + Independence Day Holiday (Market Closed).
16th–17th Aug (Sat–Sun): Weekend closure.
🛑 NO BTST: Square off all positions by day’s close (14th Aug). Holding overnight into expiry + 3-day break = unacceptable risk!
Disclaimer:
This idea is for educational purposes only. The market outlook involves substantial risk, especially during expiry and holidays. Do NOT hold positions overnight. Trade with strict stop losses, and adjust position sizes to volatility. Consult a financial advisor if needed. Jai Hind! 🇮🇳"
Happy Independence Day! Celebrate freedom, trade disciplined.
Key Tip: Trail SL to breakeven at T1 to protect profits.
Order cancelled
Price stayed range bound, hope it mst ahve helped.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.