SUNPHARMA intraday - Short CMP 652 / Target 640 / Stop loss 658

SUNPHARMA intraday - Short CMP 652 / Target 640 / Stop loss 658
Aug 30
Trade active: Short more at 654!
Aug 31
Trade closed: stop reached


@Rasika_S_Patel Trading against trend is not good idea. Looks like, the Sun Pharma price is moving up and consolidating now.
@Rasika_S_Patel How did you judge the SL and TGT? Just for education purpose only. As of mine research neither TGT nor SL is matching it. Pls explain.
Rasika_S_Patel pratiktech
using pivot points @pratiktech,
pratiktech Rasika_S_Patel
@Rasika_S_Patel, But for todays trade how can you use previous days Pivot levels, that what i am thinking about, Using previous days movement you are making pivot levels for the day, so technically that levels should be your SL and TGT. Anyways, pls dont take it personally its just about correct knowledge sharing nothing else. Best of Luck.
+3 Reply
I-Fund-Trader pratiktech
@pratiktech, Pivot are previous data points , so you have to depend on previous data , when trend is in high volatility , they tend to show their reversal on shorter time frame and the shortest time frame is 15 Mints what @Rasika_S_Patel have used , its ok this went for stop , but still was Good one if benefited , remember this entire stock market runs on probability
pratiktech I-Fund-Trader
@I-Fund-Trader, Dear, My concern is not about previous data, please make a note that what i am saying is, yesterdays price levels are important for todays pivot points, so the R1 R2 OR S1 S2 are the key levels for the day. but here previous days R1 R2 OR S1 S2 data are taken for Target and Stop loss that what i am saying.
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