BOF Backtest-Nifty50


FS-BOF founded on PUT side, target 1 is not reached market reversed before the EMA21 so that means SL hit.
Possibilities:
1.in 30min TF see market is bullish previous day gap up and next day also gap up sustain above the previous day
2.On today not a single close below the EMA21,if price breaks then retest the ema that is bearish move otherwise bullish.
3.Once sellers SL hit then market rapidly move the new high around 130points
BOF founded target 2 also reached previous day is sideways and today is V shape recovery so that Bof happened 1:2 crossed total 57points moved.
1.EMA 21 also broken 
BOF founded today early trades run entire day when the setup is valid, see the day totally 240 points moved if never close the trade it's great day for option buyers.
1.Both EMAs are breakdown, when new sellers enter the trade market reversed and breakout the both ema now Sellers are trapped  in the mean time buyers enter he market again price breakdown the EMAs now buyers also trapped 
2. these process continue an entire day.
BOF founded the First one is not possible and that pullback move is so fast and SL will be too far so avoid the trade. the second one is perfect some of candles nearby the zone but not a single close below the line maybe this called wholesale entry.
1.Target 1 is reached but the total move is130 points so must hold the trade entire day
2.see the EMAs break then retest its best conformation of bullish.
BOF founded but this not possible to enter 
1.EMA to price too high price can fall to reach ema or time correction to the place see price today in time correction. there is no price movement.
BOF spotted , price opened above the level but not sustain fall to the ema then again price move to the zone it's BOF  see Target 1 achieved. but price moved 110points still setup valid.
1.EMA is best reversal region  
This is different BOF Zone price not moving candle is showing confusion but it's bof zone see price fall from the zone to zone total 480points down this is option buyers day try to find out these kind of days
1.See EMA also breakdown and retest then continues fall.
BOF spotted but price opened above the level then not sustained the price fall to the zone price trying to break then the first pull back then tried but it's a BOF so the price fall then target also reached 
1. EMA also showing bearish if hold the trade until setup valid price moved 230points down
Bof with quick trade but target reached  EMA are acted as resistance on the entire day
BOF spotted early once price break the MEAs then i'f a fall 200points ema are resistance at the day end.
Bof spotted but the price moves great target 1 are reached total 130points moved 

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