The stock is heading area of supply or Strong resistance Zone , Where the institutional investor look for selling or Book Profit and week hand buyers will buy( in participation) and make loss to their accounts I am waiting to sell stock at or Near 189 to 191 with stop of +5 Points and book my profit near the closing of day One can see the demand Zone is Near 160 so , simple sell on every rise and book profit at the end of the day Regards
Trade active
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The trade is active Now as the stock made high of 188.35 On Monday based on Movement in Nifty open , I am looking for short selling , I believe this chart should give a clear picture, One has to look the Zone of selling not the Price Point , Many commented they are going short , even after reading the information i have put along with chart ?? i think they should know how to read the charts and understand the Zone , Because those who sold today in 1st Hour have lost their money with Stop Hit and losing their amount , Why i am writing this ?? Because after doing my analysis i have made very clear information that i will be looking to sell Near 189 not on open of the price , with stop of +5 Point , but many misunderstood and must have done wrong trade , so please do read charts the information written in it , Regards
Comments
Yuvraj2195
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Already shorted bob at 182 sl above 185 target of 172.is it fine??
shiv2798
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@Yuvraj2195, Sir the stock is likely to head 191.70 , as per my view , this is weekly chart and also being confirmed by Monthly charts
If you have sold Futures then i request you to have Look in your charting , because it is likely to move more than 185 , so either you book profit and sell again at peak high or take advise form Financial consultant in stock market
My message to you is have a clear view before any decisions
Regards
Yuvraj2195
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@shiv2798, so u r waiting for the double top formation i.e 191.70 and u think it wont give a breakout.i mean double top breakout.right??
shiv2798
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@Yuvraj2195, Sir i just now posted Monthly chart please check again and you will get your answer , Yes i am expecting but when i do not know , because we are heading a bull market
Please visit monthly chart i posted you will know
Regards
@shiv2798, @Yuvraj2195 I also have short view n below 179 will add more for 1st target 172 and other target are much below will go stepwise .. purely technical
Yuvraj2195
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@Vishalshah, ya 153-155.but 172 is great support there so i will book at 172.whats ur sl?
shiv2798
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@Yuvraj2195, did you check what happen in 1st Hour ?? the Institutional Know where the retail trader will keep their stop loss and they will push the price high so that they can buy from you at cheap and sell you back at high price , Did you get it ?