Professionals tend to identify the trend and next possible move due to their ability of identifying the patterns formation , Professionals tend to identify the pattern way before any retail can understand what is happening in the Market , and they always have an Edge in the Market and they take every point in consideration and act in time to secure Client wealth and Profit making system This scrip is making an turn around for short term up side but needs one more pull back before making its move up So trade with Care Good luck
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now you can see it tagged and reversed in 4 Hour chart , and that s i call as Confirmation of your analysis , look for short sell set up
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its moving as per forecast it will make till 339 start trailing your stop now
Karthik sir..Good evening..Target till 339 only? Not till 310 levels as the arrow points?
I-Fund-Trader
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@aruntv2020, they move in steps , its Good to Book by trailing stop when you are near 339, it has two reason , lots of short Open interest and new Fresh short , when they see that during this move , usually they tend to move up and take out weak hands , then start in the same direction , which will be on hourly basis , so its better to trail your stop and let Market takes you out
I-Fund-Trader
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@aruntv2020, You might be seeing Big Topping tail candle in the chart , they exactly created only to take our weak hands and also make other to cover their short in Futures ,
@MoneyRain, Good morning Sir..Thanks very much for your concern and kind replys. Actually i was looking for an entry in futures, I havent taken any short trades in this.
I-Fund-Trader
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@aruntv2020, dont enter now sir , wait for it give some bullish sign and then take the brake of it