Hi Traders/investors. In last post week back I gave you detail of this stock , which phase is going on . You can check that also attaching in this post. I made blue zone and told that it would be tough for this stock to take this out. You can see five sessions spend but maruti could not take this out. I trade on conditions because stock is language of probability which works on conditions. If this zone is taken out only next resistance zone will come into play and most probably lower end of the white zone will act as resistance and that zone has potential to change long trend to down . On other side if blue zone is not taken out then price will move to red zone. Where price can consolidate or momentum is strong then can breach it. But short after red zone can only be initiated when the condition of taken out is completed at red support zone. Investors have two option to invest either invest 50% when price takes out blue zone or at red zone . Rest 50% can be invested at white support . Conditions are important to follow. Rest price will decide. YOGESH VATS
sir, if maruti stock price takes out lower end of blue line then can we short for target of red zone . In post u have mentioned short only after red zone is taken out. any reason for not to short when lower end of blue line taken out. just for knowledge.
engi_dheeraj
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Sir I am Short in Maruti@ 5100.....shud hold or exit.....
yvatsji
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@engi_dheeraj, see I am more interested in making you stand your own by education not in spoon feeding. Every trade possibility is given in form of conditions. Make your self comfortable with these conditions. That will help you in going wrong if you properly understand them and implement in your trading.
Cheers.