A good shorting opportunity in Hindpetro, we will be looking for a structure change at 1 hour poi then plan entry based on that. Potential 1:13 RR trade.
VCP in Deepak Nitrate was clearly visible with contractions falling down consistently, First being 42% then 11.7% and then finally the tightest one at 5.2%. This is when you take the trade. A contraction below 10% means the stock has now fallen into the strongest hands ( institutional buyers) and that is why i was not worried when it came back down after a day...
