Adaniports - Near Resistance

Jan 8, 2017

Price action of adaniports shows weakness by the formation of triple towers. Now adaniports is trending within the channel, but if the channel is tested when the main index is weak, it can reach 270, 265.

Jan 13, 2017

Trade active

Short 292 stoploss 295

Jan 13, 2017

Note

This week I am checking what mistakes I am doing in trading entries. Trading entry against the main index and trading entry along with the main index.

Jan 14, 2017

Note

Resistance is taken, but I entered the trade along with index. Retracement will be smaller one and the target will be 4 to 5 pts.

Jan 22, 2017

Trade closed: stop reached

Lesson 1 : Against the main index.
Lesson 2 : Any entry which is too early or too late is wrong.
Lesson 3 : Against Dow tenet "A trend is assumed to be in effect until it gives a definite signal of reversal