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ashokakbari
Apr 30, 2017 9:06 AM

BPCL Intraday Short

BHARAT PETROL CORPNSE

Description

Lets ride on this.. sell around 720-25, with sl 727.... target - 710 / 702

Reason to expecting down side

1) RSI not Going with price ... its down...
2) candle stick you can see there doji, hammer and Last one ENGULFING
3) MACD crossing the average
4) Fibonacci retracement 38% is 695 and 50% is 680

It is giving us chance to get entry in short.. so lets enjoy it.

Trade closed: stop reached

nothing has worked
Comments
Ash_gupta
What volume 1 can u pls tell.?
ashokakbari
@Ash_gupta, It is a book vol1 means 1st edition of steve Nison's book "candlestick Charting techniques".
ashokakbari
@AbhishekHSinghCMT , I have finished Vol1, I am trying to using multiple techniques with candle stick, Let me know your opinion about this study.
WaveTalks
@ashokakbari, That is always nice to confirm with multiple techniques, but some experience always helps later but don't get lost with too many indicators as someone said- if exceed too much - don't end up doing "Paralysis of Analysis"
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