Big on weekly charts
indicating huge selling pressure.
ALWAYS SHORT WHEN U SEE BIG PIN CANDLE. STOP LOSS ABOVE THE CANDLE & EXPECT BIG TARGET
HIGH REWARD LOW RISK.
Sell Range - Rs8050 to Rs8200
SL - Rs8345 (daily Close)
Target 1 - Rs7700
Target 2 - Rs7400
Target 3 - Rs7250
Potential Return - 11%
Potential Loss - 4%
think it as a selling opportunity.
note : don't be on buy side in downtrend market. trade with the trend.
i'll keep u updated with the trade...
previous trade details : Sell at 8235 & closed at 7976, so total profit 259 points. ( 1 lot profits - 259*75= Rs19425)
Good Luck !!
trader will do daily buying and selling,
Stop Loss exited , or still holding short ?
Keeping the stop loss at top of such big pin bar and taking trade is no trade for common investors. (No analyst will take such trade)
Best way is to wait and If there is no follow through on pin bar take long position with stop loss of bar after pin bar ,
But if the bar after pin bar is above or very close to top of pin bar don't take the trade market can go side ways till budget.