Friday, July 29, 2011

Petronet 4.6 % down ..power of technical indicators

4.6 % down ..power of technical indicators profit puts ..sell at each 10% down of LTP

Petronet ..momentum is over..volume is decreased..candles are giving reversal signal since last 2 sessions ..engulfing and  DOJI we observed bull trap at lowest weekly volume .. indicators are highly over bought...and pointing to south east 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.
posted when was closed at  176.30 ....

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