inskyTrader
Short

HPCL - Running out of Fuel???

NSE:HINDPETRO   HINDUSTAN PETROL
Details specified on chart
Trade active: Please treat the above idea as a Swing trade (couple of days). I have opened my trade in Futures.
Trade closed manually: Closed my position in Futures as price almost touched T2 specified above.
Good idea to short here as stock was not able to break the trend line :)
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@Vandy01,

Now is roaring what u say
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inskyTrader yogeshkmr441
@yogeshkmr441,

Sir its not a Intraday Idea. Apologies if my posting gave you that idea. So wait for closing basis & for few days.
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Vandy01 yogeshkmr441
@yogeshkmr441, Hello sir, when someone observes something on the charts or indicators he means that there is a high possibility of an event happening at that point... there is also a possibility of market proving someone wrong and hence there is a safeguard of using a stop loss. Posting an idea by someone is not a surity that the person knows the mind of the market 100%. The author simply indicated that prices were not able to break the trendline hence there is more possibility of its going down.
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