Saturday, September 17, 2011

Candle stick signals a leading indicator...Predicted Ambuja Short

1 st doji ..indeciaion
2nd doji ..indecision but hope of Tristar
Third day  spinning top ...confirmed trapping of bulls...
4th day open and swing high confirmed forced short covering so it was a perfect time to go short on Ambuja ... and it was advised .
what next ...
if u are holding long positions/ deliveries book profits can re enter at 127 level ...
go short on it ...seeing market direction  keeping sl above fib level which is at 144.80
closed at 143.70  
duration prior to expiry of Sept 11.

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