I-Fund-Trader
Short

Possible end of B wave (B of the B )

NSE:SBIN   STATE BK OF INDIA
308 views
5
308 3
This one i am looking possible end of B Wave on higher degree and end of b wave on smaller degree , one can wait for strong impulse down or brake of immediate structure before going for short selling in Future ,
and one more thing price will not come down as per arrow mark , so there will be pull back and consolidation ,
I am just posting it as long term view
Good Luck
Trade active
Comment: Now put the stop to cost if you have short in Future , there is chance it might move up , because its not dropping fast
Trade closed manually: Covered in last hour from 306 to 280 ,
yes i too felt , your idea is supported by divergence in chaikin money flow
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nalinakshi nalinakshi
it may test 312 before going down
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@nalinakshi, Yes Madam that is possible , the idea is to take short trade when we see complete reversal on daily , even some time this kind moves are not over whatever we project , so let it complete its move and give a reversal before we jump for trade at the other direction ,
Thanks
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