Friday, July 29, 2011

Petronet 4.6 % down ..power of technical indicators

4.6 % down ..power of technical indicators

Petronet..book profit ..buy puts ..sell at each high...target 10% down of LTP

Petronet ..momentum is over..volume is decreased..candles are giving reversal signal since last 2 sessions ..engulfing and  DOJI ..today we observed bull trap at lowest weekly volume .. indicators are highly over bought...and pointing to south east ..best time to book profit and initiate short position ..for positional targets  163 158 152  145 in less than 30 days  sl as per ur ur risk ...but play wid stop loss ...
see here too.  http://www.moneycontrol.com/news/stocksviews/bulls-eye-12-trading-ideas-to-make-smart-gains_568513.html
http://dhanvarshagrp.blogspot.com/2011/07/petronetbook-profit-buy-puts-sell-at.html
posted when was closed at  176.30 ....


No comments:

Post a Comment

Please remember...your comment should not contain nudity or vulger language in addition to advertisement of your blog/site or any product ...and should not hurt the readers emotions...if that will be case it will be removed on first review of admin staff... Regards