Futures
GAIL ON THE VERGE OF BREAKING NECKLINE???AS DISCUSSED EARLIER THAT GAIL CAN BE A POTENTIAL HEAD AND SHOULDERS ON THE DAILY CHART
WE HAVE TO WAIT FOR THE BREAK BELOW THE TRENDLINE
I WENT SHORT AND ALSO RECOMMENDED @355-60 LEVELS
WITH FUTURES TRADE
SO WE CAN HOLD ON THE STOCK FOR DOWNFALL WITH STOP
@350
IF BREAKS MY FIRST TARGET WILL BE 315 AND THEN WAIT FOR
A PULLBACK BEFORE GOING SHORT AGAIN
CAUTION DO NOT ENTER FRESH TRADES HERE
IT WILL BE AGAINST THE TRADING RULES OF H&S
IF PATTERN FAILS WILL LOOK LIKE A DESCENDING TRIANGLE AND USUALLY DESCENDING
TRIANGLE WITH UPSIDE BREAKOUT WILL ALWAYS PERFORM BETTER ON THE UPSIDE.
HERE ARE THE PREVIOUS OBSERVATION
GAIL HEAD AND SHOULDERS TOP PATTERN COMPLETED???HAD RECOMMENDED THE FORMATION
FEW DAYS AGO WHEN THE RIGHT SHOULDER
WAS ABOUT TO BE FORMED
SINCE WE HAVE TESTED THE RIGHT SHUOLDER HIGH AND
REVERSED I WOULD LIKE TO TRADE THIS PATTERN
NOW ON THE SHORT SIDE
CAUTION TRADE AT YOUR OWN RISK
WE ARE TRYING TO CAPTURE THE TRADE EARLY
TRADERS CAN WAIT FOR THE BREACH OF 333 LEVELS
AND WILL CONFIRM THE
BREAK OF THE NECKLINE
DEC FUT TRADE
SHORT@356
STOP@370
TARGET@325
LOT:2667
QTY:1
view this for information
btst in mindtree conditional dec futbtst in mindtree conditional
dec fut
close above 866 required
3 moving averge converging on the upside
daily 20-dma moving up with stock moving up
buy@870
stop@858
target@900
lot:600
qty:2
SUN TV - Major Breakdown - Ready for Big Gains :) Shorting Ideas
SUN TV has given much awaited break down on Daily as Weekly Chart. we may see some free fall in the stock from CMP, Fundamentals of the company looks very poor.
Just a view. Do you R&D before taking any trade.
target - 557 - 551
stop loss at 613
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