Hi friends look at the MCDOWELL-N chart, as per my view on 13.08.2012 it
suddenly got a huge volume than its average daily volume, which means a
probable volume extortion occurred and no more willing buyer left, and I
hope a reversal. Besides the volume factor, on BB, price closed on
13.08.2012 far above of its Upper Bands, and on 14.08.2012 a big red candle formed which also suggest a profit
booking. Therefore my point of view is I would like to book profit of my long if I have, also I wish to go short at CMP 920 with target of 824 with closing
basis SL 940.
2 comments:
naren ji good work done by u
Thank you Nileshji, wish your active participation, then we can build a strong community.
Post a Comment