Signal on the option's own chart · SELL · loser · stopped back inside the range

23 Oct 20241 trading day to expiry

SELL ITM4 · 24,200 CE−₹799−₹699 before ₹100 costs
Entry14:25 SELL at 252.30 — the 14:20 candle closed below its own OR lowExit263.05 — 14:25 candle closed back inside its own range — out at its close
250.0300.0350.0400.0450.0OR high 355.0OR low 260.0 · stop: close back aboveEntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhySELL ITM4
no trail14:30back in range−₹799
SMA 514:30back in range−₹799
SMA 1014:30back in range−₹799
SMA 2014:30back in range−₹799
half-candle14:30back in range−₹799
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. Selling profits when the option falls.
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.