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

21 May 20251 trading day to expiry

BUY ITM4 · 24,550 CE+₹5,435+₹5,535 before ₹100 costs
Entry9:35 BUY at 274.40 — the 9:30 candle closed above its own OR highExit359.55 — 11:20 candle closed through the SMA 20 — out at 11:25
200.0300.0400.0OR high 250.0 · stop: close back belowOR low 193.9EntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhyBUY ITM4
no trail12:15back in range−₹2,391
SMA 510:55trail+₹8,474
SMA 1011:00trail+₹8,428
SMA 2011:25trail+₹5,435
half-candle12:15back in range−₹2,391
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.