Thursday, July 28, 2011

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