Trade 0011-2 STAR TRADE

1. Date 07-Aug-2012 


2.Market - NSE Nifty Futures Contract


3.Amount committed  - 2 Lots of Nifty Futures 

4.Why did you do the trade 
JNSAR(5220) and trailing stop loss between  between 3 sma and 12 sma favors long.
5360 was the Symmetry target. 5344-5375-5385 was resistance.

5.Entry price- 5305

6.Risk  - 25 points  (bullish engulfing pattern)

7.Initial Target - Daily timeframe Resistance 5340/5375

8.Exit Price  - 
Exit  2 lot @ 5360

9.Analyze the trade -
Target was achieved for  2 lots ..

10. Postmortem -
This trade worked as planned.