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optionVyapari
Oct 23, 2017 3:01 AM

HPCL - Running out of Fuel??? Short

HINDUSTAN PETROLNSE

Description

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.
Comments
Vandy01
Good idea to short here as stock was not able to break the trend line :)
yogeshkmr
@Vandy01,

Now is roaring what u say
optionVyapari
@yogeshkmr441,

Sir its not a Intraday Idea. Apologies if my posting gave you that idea. So wait for closing basis & for few days.
Vandy01
@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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