InsiderB

TV18 : Short Commercial Break !

NSE:TV18BRDCST   TV18 BROADCAST LTD
" Shorting " Commercial Break from Bull Run , so if you have the risk appetite Go for it . Else just watch how trades pan out. Always take trade based on your plan :)

Happy Trading !

Comments

Please use Volume Profile as I can see the bearish candle is having wick on down side it indicate short covered but Volume Profile would have given more insight
Regards
Shivakumar
+1 Reply
InsiderB shiv2798
@shiv2798, Yes you are right, its considerable support area too. Will post out volume profile below
Reply
shiv2798 InsiderB
@InsiderB, thanks sir
On day chart it's clear it has violated previous area of demand , so likely it will head down, another reason is it's extended bearish candle so lots of supply infused,
Let's see sir how it will play
Thanks a lot
Cheers
+1 Reply
InsiderB shiv2798
@shiv2798, Superb explanation, I feel you have the knack for Markets..All the Best :)
Reply
shiv2798 InsiderB
@InsiderB, you can see POC is not strong to hold price level , and just above POC the supply is infused {rejection candle} so price is week in Volume based indication too
Thanks
Reply
InsiderB shiv2798
@shiv2798,2mrw we will have better view whether we get pullback to profile low and retest VAL before moving further down.Lets wait n watch... Good Night buddy !
Reply
Wow! Nice one
Reply
InsiderB bharanitn
@bharanitn, Thanks buddy !
Reply
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