Short Trade Breakdown on Mahindra & Mahindra
Well Thanks Everyone For your feedback in the Comment of the Intraday Trade. There are Some Key Point in the given Chart Below Let me know in the Comment Whether Agree with me on this or Not!
Well as a Trader I am Bound to trade the Momentum Right Because of Limited Time Restriction in Intraday From 9:15AM to 3:15AM Max ( Broker Auto Square off )
So Basically There are Three Session For Day Trader My Job is to Identify Setup in Low Volatility Session, that will help me In Reducing my SL Not Blindly But Logically .
Session 1 -> Morning Drive -> DII Trade Areas -> High Volatility , High Risk and Non Directional Coz Market Just Started ( Observation Session )
Session 2 -> Mid Day Spike -> Retail Session -> Low Volatility , Low Risk and Direction Coz in the Morning Drive You Identify Which Sector to Focus on and Which Stock to play ( Entry Session )
Session 3 -> EOD Spike -> FII Session -> High Volatility Which will help You to Book Maximum Gain ( Exit Session ) but You Know what's the catch is Most of the Intraday Trade Take entry into this Session Because of Breakout.
Everyone Knows that Today Nifty Sentiment was Bearish Hence Only Short Trades Were Worthy to Play.
I was Going Through Index Watchlist Nifty Auto was the Top 4th Losing Sector but the Stock Trading on the Higher Side Which Means more Opportunity for Short Trade. Now Who Don't Know this let me know the Comment.
In the Given Below Charts You Can see Nifty Auto Was Weak till that Highlighted area that is Demand Zone That's Why I was Chosen


















