Cases when You should avoid Entropy Trades


Although Godrej Prop has triggered that has triggered as per the mechanical methods of Bollinger Band.

Now it can obviously fall. We always have our 50% chance of being right.

But this is a case I will avoid as “I think” it is a continuation of the uptrend.

This is a short timeframe analysis and if we see the higher timeframe -

The short triggers on the dotted line break.

It took mini support on the solid line.

In Short - I will avoid it!