Signal on the option's own chart · BUY · big winner · top 10% of 1,016 trades

24 Dec 20242 trading days to expiry

BUY ITM4 · 23,600 CE+₹3,472+₹3,572 before ₹100 costs
Entry9:50 BUY at 214.60 — the 9:45 candle closed above its own OR highExit269.55 — 11:30 candle closed through the SMA 20 — out at 11:35
200.0250.0300.0OR high 214.9 · stop: close back belowOR low 179.5EntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhyBUY ITM4
no trail13:45back in range−₹1,406
SMA 510:40trail+₹4,648
SMA 1010:45trail+₹3,416
SMA 2011:35trail+₹3,472
half-candle13:45back in range−₹1,406
The signal, the stop and the trail are all read from this option's own candles — spot is not used. Strike fixed from spot at 9:15.
Backtest data, 5-minute candles. Gold lines = 9:15–9:30 opening range; blue line = the trailing SMA. Entry at the next candle's open. A failed breakout exits at the close of the candle that fell back inside; other exits at the next open. Printed prices only. 1 lot = 65, ₹100 per trade.