praveen.bhatiya

THREE BLACK CROWS Divergence and Wolfe Wave!

Short
NSE:IGL   INDRAPRASTHA GAS
Divergence, THREE BLACK CROWS & Wolfe Wave all are pointing a good short at this level for a target of 840 on or before 25. 01 .17. Good Risk reward ratio!

Comments

sir some times i force some pattern,and analysing i came to a conclusion that all pattern goes well when i am with trend ,and when i am not with trend i not goes well,so ultimate sucess is knowing the trend,it is my three months experience
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praveen.bhatiya dr_professor_nifty
@dr_professor_nifty, "Trend is your Friend" is very famous dictum so the small trader should go with the trend it is much easier to flow with the current. However Reversal do happens and in my experience Wolfewave catches it mostly. But it didn't work in this particular case. Part of the game!
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dr_professor_nifty praveen.bhatiya
@praveen.bhatiya, there is no small or big,in trading small trader small loss,i have seen big traders,big farms buy on new high why this
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Thanks Praveen Ji. What should be the entry point to short and SL for this trade?
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@dev_trader, Stop Loss would be 962 on closing basis spot price adjust suitably for future price. Regarding entry trade is ready at the entry level one can enter if this much of risk is affordable otherwise one can wait and enter at higher price but that has the risk of missing the trade if price falls.
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dev_trader praveen.bhatiya
@praveen.bhatiya, Thanks !
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@dev_trader, Please let me know if you trade it and wishing you all the best!
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dev_trader praveen.bhatiya
@praveen.bhatiya, Not yet sir. Looking for little bounce to initiate sell @ 935. Else lower then todays low 919-920
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Mandeep_Punia praveen.bhatiya
@praveen.bhatiya, i sold igl jan fut @ 923 after seeing your recommendation.
Reply
praveen.bhatiya Mandeep_Punia
@Mandeep_Punia, I sincerely wish that it works for you to make good profit.
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