Signal on the option's own chart · SELL · big winner · top 10% of 1,179 trades

17 Feb 2026expiry day

SELL ITM4 · 25,850 PE+₹2,942+₹3,042 before ₹100 costs
Entry9:45 SELL at 212.55 — the 9:40 candle closed below its own OR lowExit165.75 — 10:35 candle closed through the SMA 5 — out at 10:40
100.0150.0200.0250.0300.0OR high 290.0OR low 229.7 · stop: close back aboveEntryExit9:1510:0011:0012:0013:0014:0015:0015:30
exit ruleout atwhySELL ITM4
no trail15:1515:15+₹5,685
SMA 510:40trail+₹2,942
SMA 1010:45trail+₹846
SMA 2013:05trail+₹4,850
half-candle13:55trail+₹5,266
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.