LTTS short due to gap up
Updated
LTTS is inside channel. on rise 3420 - 3440 may act as resistance & expecting to reach 2940 of gap up level within 20days.
as per previous history, on day of result & previous day there was an rise & day after result there was a profit booking for next 3 - 4days. expecting same pattern to continue now from tomorrow/next.
Profit raises to 84% & there is huge volume interest.
*comments from experts needed to improve my skills.
as per previous history, on day of result & previous day there was an rise & day after result there was a profit booking for next 3 - 4days. expecting same pattern to continue now from tomorrow/next.
Profit raises to 84% & there is huge volume interest.
*comments from experts needed to improve my skills.
Trade active
Consolidating on mention range as resistance...Note
OI on put side increasing on 3000strike priceNote
Buying decreases & selling increasesTrade closed: stop reached
Lesson learned - Gap up/down doesnt mean it should close immediately. It can close even after 2 years eg-Prima agro gap down in May'18 & gap was closed on Jun'21.Always take decision by considering volume, result & who is buying,
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