rachanak

NEVER TRY TO GO AGAINST TREND FORCIBLY

Long
NSE:INDUSINDBK   INDUSIND BANK LTD
INDUSIND HAS BEEN PERFORMING WELL AS COMPARED TO THE WORST HIT STOCK DURING COVID RAIN , BULLISH DAILY BODIES FORMATION BACK TO BACK + RSI CONSISTENTLY ABOVE 60 & 80, BUT THIS SHOULD NOT TEMPT WE TRADERS TO THINK THAT NOW IS THERE POSSIBILITY FOR A U- TURN OR A PROFIT BOOKING DAYS --------------------I WOULD SAY MIGHT NOT BE AS OF NOW LOOKING AT THE LONG BUILD UP AND SHORT COVERING HAPPENING IN TODAY'S DATA = FRESH + CHANGE IN OI IN PUTS SIDE AND NEGATIVE CHANGE IN CALLS SIDE + GUD DIFFERENCE IN TOTAL CALL:PUT SIDE - FAVORING BUY SIDE STILL .... LOOKING AT OI DATA - IT WOULD BE BURNING HANDS TO TAKE A SHORT TRADE -------------- IT SEEMS LIKE PUTTING RETRACEMENT THEORY ON CHARTS STILL 2 LEVELS TO BE ACHIEVED BEFORE WE SEE A FALL IN SCRIPT UNLESS SOME HUGE DATA CHANGE HAPPENS IN OPEN INTEREST CHAIN PLATFORM......

disclaimer - do your own study before investing.

Comments

i am stuck here too with a PE 660 bought at 720 thinking it might go for correction but bulls are quite bullish :)
Reply
rachanak chakit_28sharma
@chakit_28sharma, oops - yeah its not giving any entry oe exit of bears...as of now...though today it did give a bit of profit booking
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this stock fills me up with regret
Reply
rachanak SomeoneWithSkills
@SomeoneWithSkills, oops - did u miss entry or exited early or short ?
Reply
@rachanak, I exited early, then I failed to enter again, and finally, I shorted ...! And After All of This, I Realized People Like Me Are The Reason For This kind of Parabolic Move. (#trapped Bears)
Reply
rachanak SomeoneWithSkills
@SomeoneWithSkills, thats ok - learning from our trades cant beat any other learning - and i will b right thats also not known till it happens or fails :)
+1 Reply
@rachanak, I know it's okay but god it hurts(lol). anyway, appreciate your comment dude.✌️
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rachanak SomeoneWithSkills
@SomeoneWithSkills, 😀👍
Reply
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