AbhishekHSinghCMT
Short

IGL- Kissing at the top@960- Amazing!

NSE:IGL   INDRAPRASTHA GAS
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9
430 4
Kissing at the top@960. Correction has started right in the block hole. Next moving below 925- support comes between 910-912 zone.

Click the chart shown below & use "load bar feature to see future price bar"

Can attract you to bulls camp
Trade active: 13:50 Hrs 6th Jan2016

Last Price@922

3 Red Candles from 960 Back 2 Back - Isn't that amazing

Day's low@919 till this time.

Trade active: 15:00 Hrs 6th Jan2016

Last Price@919.50

Traders should book in the zone 910-914 as next round will start on the bounce or likely below 900 whichever happens.
Trade active: 10:11 Hrs 10th Jan2016

Day's High@942

Expected a bounce, which likely is in place, but shall wait for some more time
Trade active: 14:30 Hrs 10th Jan2017

Last Price@928

hmmm
Trade active: 19:55 Hrs 10th Jan2017

Last Price@932

Going below 919- there could be a selling opportunity.

Trade active: 07:21 Hrs 11th Jan2017

Last Price@932

Here we take sell once the price goes below 919 short term support
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Dear Abhishek, I've taken this trade on the short side....what is the stop loss to be used? thanks for sharing.
Reply
@sanjivt, Stops are on high side almost close to top-will you be able to hold with that stop.
Reply
AbhishekHSinghCMT AbhishekHSinghCMT
@AbhishekHSinghCMT, Never try to catch a running train or bus -you will fall on your face so if you have entered late -I will advise don't do or you run the risk of bus/train running on your stops. Actually, it started IGL was figured out on top max entry could have been 940's -this is carry forward trade. Next week will start fresh.
Reply
sanjivt AbhishekHSinghCMT
Thanks@AbhishekHSinghCMT, I had exited the trade with a small profit.
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