UnknownUnicorn23160314

Volatility Contraction Pattern

Long
NSE:TANLA   TANLA PLATFORMS L
Pivot @1882.
Stock holding the 21 EMA.
Volume dried up significantly on the third contraction.

Publishing for my own reference.
Not an investment/trading advise.
Trade active:
Entered at 1866.
Trade active:
Locked in Upper circuit.
Trade active:
Another upper circuit.

As per my sell rules, selling half at 2R and trailing the rest half until it breaks 10 EMA with SL moved to buy price.

Sold 1/2 at 2.26 RR.
SL moved to buy price, free rolling the trade.

Also, selling as market is overstretched and to protect gains by selling into strength.
Trade closed manually:
Sold rest at breakeven as per sell rules as it broke 10 EMA after achieving 2RR on this trade where 1/2 was sold
Overall 1RR in this trade.
Comment:
Good decision!
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