Here's is an account of thoughts throughout today's trading session with regard to banking stock that I watched. Please refer 5-minute chart of Axis bank below. Price opened with a beautiful High-wave candle. Note that the open candle had long down wick which indicated the weakness of bears.
The 2nd and 3rd candles asserted that the bulls were in control. So, I decided to pull the trigger. I marked possible target points. The two horizontal boxes were my planned target points. Price was very swift. My entry point was of too much bargain. My entry wasn't filled. Price kept moving higher leaving me aside. Both target points were hit.
I made a 2nd attempt to enter short around 12:30 P.M. My order wasn't filled. Price kept inching lower.
Lesson:
A reasonable bargain is acceptable. Unreasonable bargain entry orders don't get filled. They lead to missed opportunities.