I-Fund-Trader

sell on rise in Futures

Short
NSE:ARVIND   ARVIND LTD
147 views
1
I am already in the short selling of Future , One can look for short selling with reversal on daily time frame and can look to hold til it makes 317/315
Trade active
Comment: so far 427 to 382 in Futures ,
Comment: Price went back little , but seems the weekly close is below the Flag Pattern , Monday i will expect price to pop up little bit and Tuesday on wards one can look for reversal to Go short
Comment: We are still rolling over in this scrip , you can understand some time how the scrip moves , from May till date we are just rolling over , No fun , we booked partial profits of 45+ points on initial move but this one seems stuck , but never mind keep trailing the stop an let the trade run , Look for reversal only near 317
Comment: Tell me after 6 weeks we are getting the results and we have sold on every rise , Right Now patience is paying off , so far 427 to 363
Trade closed: target reached: Now dont tell me i have not posted here, I am still looking further down side form this level i will re post the chart Again
Made form 427 to 310, 117 Points but took 5 Months to complete the trade , its Quite Longer time then average trade of 60 Days

Comments

Very choppy at the moment. Not ideal to take a new position. if the bear flag is violated then a new short position should be taken.
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I-Fund-Trader trade-gunner
@trade-gunner, Yes You are correct ,
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