Its Called Hankey Pattern

ShreeKrishna Updated   
Now a days pattern identification using Algorithmic coding is aggressively increased and institutions just know how to play with it

They have every kind of tools what the retail try to Experiment / use it

This is one of the Hankey pattern we call because we like to call it in that name

in This scrip institutions are playing very well , they are ahead of all of you

Look for unfolding of pattern as per forecast , and trade in the larger direction

Good luck
OK this is at the stage where it can reverse strongly or it can go little move down
before giving an reversal sign

In both the case if you want to have position remember your stop is always the candle low you enter as Entry , the only thing you need is Proper Green Candle for entry

Good luck
Trade closed: target reached:
The winner is ShreeKrihna
Yeeeeeeeeeee haaaaaaaaaaaaaaaaaa

From 175 to 138 , We are booking Futures contract we booked including rollover cost

37 Points per lot in Short selling ,
it seems many want to catch the bottom , that is exactly what you should not be doing ,

One can wait for daily strong Green Candle to close then You can look to enter ,
I will not update anymore than this ,
Like I said , if you know what you are doing then you will act in orderly manner

I said its going down up to 135 and it did bounce form it ,

Most of the time People try to buck the market , its wrong because even if you are 100 % correct in your forecast or Predication you must wait for Proper set up ,

Dont Just buy or sell because some one is posting here , Have a confirmation
of your own ,

do you See a Green Candle ??
do you see the strength ??
do you see the Drying of volume before the reversal Green Candle form ?
do you have plan ?
Then you take the trade with reasonable degree of risk , You can take decision
based on daily close , hourly close , weekly close , but at any given point
You must have Confirmation before you take the decision

Options traders One thing you remember , if you want to make money Learn Complete system in Options Trading , they are time decay instruments and they have high volatility

Good luck

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