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
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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
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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 ,
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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 ,
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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