Sir, can you please explain the strategy which helped you to conclude this , thanks in advance.
smartmoney1
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@ambuj85, Hi, people actually read chart in complicate way.. everybody hv their own mathod ..i keep it simple..few chart line plus volume are my key points. Yes chart help to tell us supply & demand zone..Now coming to the point..my sense is that every stock have different behaviour and catching them solve half problem. Daily price pattern is very important to determine and make decision. IBREAL was on ban in F& O from few days and hole series it was consolidating 80-83 range even HDIL & many other mumbai based reality stock moved. so i was confident that there are not much long position and short have to cover plus for new series people will also buy this.. before chart reading first try to understand behaviour of stock on daily basis. ..its my style and may be some people disagree. thanx
Reason???