shiv2798
Short

Sell on rise in Futures

NSE:BHARATFORG   BHARAT FORGE
105 views
3
I am already in the short selling in Futures , one can look for opportunity in case price move up for little correction and reverse at that level can go short for current target 686, and brake of 670 can lead to side ways or can move til 621
Trade active: almost near to target 1
Comment: Now almost near to target 2 , Book Your shorts by trailing stop
Comment: so far 708 to 640 in Future
Comment: Booked at 640
Trade closed: target reached: Target reached and closed exactly at 621 ,
From 708 to 621 was 86 Points in Futures
I will post new Chart for this

Comments

At end head n shoulder breakdown occurs. Why it break its round pattern ? Anty explanation......plz
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Sir, everyone was giving target of 900+ due to round bottom formation weekly charts.

Any reason why is failed. Plz explain...thanks
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shiv2798 naizycm
@naizycm, Hi i am just seeing you message , i was off the Trading view , busy , why it is failed is not important , its important to understand the scrip and the premium one can pay , that means when scrip rises to certain level , usually the relation between book value and Premium reaches the certain % profit booking will be taking place , this is what happened here and will happen with every scrip
Regards
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naizycm shiv2798
@shiv2798, thanks sir :-)
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