Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Reason of stock picking = Asian Paints has a PCR of 0.3 and is at support. Comparing synthetically it is at over appreciation. Anyways r:R is a juice.
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Not breaking. Not good. Wait till it breaks. No aggrr entry.
Pls dont get offended I am really admiring your concept . Personally I will hesitate and avoid taking such stand maybe someone can do it. Once again you are doing great job.
Amit_Ghosh
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@virend539, No one is getting offended. You are not saying things on gut feel! It is from your experience. So I honour it :) Discussions are always good! Stupid people get offended.
virend539
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In a Bull mkt I think shorting is not advisable
Amit_Ghosh
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@virend539, Did you longed PC Jewellers from 500 to 100 then? It is a very wrong concept. The only bet here is intraday which is an ultra short-term view. Analysis of "bet of tomorrow it should fall or not" depends on seperate kind of study. As well as , as you can see my trade didn't trigger. There is entry condition too.