Shorting Banknifty March FUTures NFO (NSE F&O)
1. Sell@11:12:12
2. Buy @11:55:54
Setup: 15min chart, GOT
1. Gap open
2. Resistance of yesterday's high
3. Breakdown
4. 15 min. chart, rejection of 61.80% Fibo - Top to bottom
The reason behind this trade was :-
1. 15min 0.618 golden area resistance
2. was at a supply zone and yesterdays high
3. trapping buyers after showing a breakout with volumes(psychology )
Reason for Shorting?
1. H&S (Head and Shoulder) at 11:12AM
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