trend is weak short with small stoploss of 130 target 112
Comments
UnknownUnicorn1032192
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Should we accumulate or wait to fall? Any reason why it fall?
PRanjan
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@kiransi_me, Never try and catch a falling knife, wait for it to hit the ground then pick it up same applies with the stock. The best strategy according to me would be wait and watch as the trend is weak.
@kiransi_me, Its clearly visible on charts that stock is making lower lows and it broke long term up trend line also stock has corrected almost 25% from top.
UnknownUnicorn1032192
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@pranay123, Thank you, i am still new to understand the charts. Any help will be appreciated, so far no good sign of profits from stocks.
PRanjan
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@kiransi_me, The best way to study the chart is start reading the patterns, Take any pattern and try to find out the same on stocks and see the results after that pattern i am sure it will help help you to understand the chart.
sammin22s
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Can bounce bck from the present level..
PRanjan
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@sammin22s, yes it ca bounce but trend is weak and we should use that bounce to short