GSFC- Will you trade this channel for downside move till 100-102

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There is a channel which can be traded at the top zone - 118-120 - will you trade? Common you must be kidding - I am a safe trader, I will trade once it starts moving below 112 which was initially hit post gap down move from 116 to 102 for target zone 100-102 - Why there is a hurry to trade-Keep cool.

Yes, Risk Takers can trade in the zone 118-120 who don't complain of losing 3-5 points as returns are huge so it depends on your style of trading.

Trading Strategy
Scenario-1 (Most preferable)
Safe traders can trade below 112 for target zone 100-102 -once it dips below 112 then can put stops above recent highs or wait for 100-102 zone if hits & look for larger trend which is upside.


Scenario-2 (Next Likely)
Going above 121.50 & sustaining above 120 likely it moves for higher targets.

You would love to read my previous updates

Media Bell Rings 116-to 102 Amazing!

Magical turn below 122

Knocked 118.80 What Next?

Rocket Move Started from 107-108

GSFC 2016 Diary- 50+ points

Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
It's in futures now, and looks good candidate for up move till 120 / 122 as it has taken support at 114 levels.
Please share your views if not busy.
thanksssss i m clear
okk thats good n what is possible tgt in upside pls tell range
@VimalVashisth, 145-150 & above 150- 165-175 zone
abhishek its not in future n options then how we can trade it bec selling on positional basis in equity is not allowed
@VimalVashisth, Yes , I can understand- one can buy this stock if hits 100-102
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