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Short Trade Opportunity

Discussion in 'Technical Analysis' started by kaisarimam96, Jan 20, 2014.

  1. kaisarimam96

    kaisarimam96 Member

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    Dear Shabbir,

    I can see in chart that Dabur has breached channel and short trade can be initiated around 167 with stop loss above 170.

    How do you think about this.


    Best Regards
    Kaisar Imam
     
    kaisarimam96, Jan 20, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    No not yet but can you share some images of how you are looking at breaking the channel. Which pattern you see as broken?

    I see that if 160 is broken it can be shorting candidate.
     
    shabbir, Jan 20, 2014
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  3. kaisarimam96

    kaisarimam96 Member

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    Sorry for not uploading chart because i was finding it taking very long time. Due to channel breakout i can see Dabur is down and currently trading at 161.40 i shorted at 167 target of 160 is very near now.
     
    kaisarimam96, Jan 22, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    I think the big red candle will be followed by some short coverings and so it will have a mini spike and so shorting should be done in that spike in the leg down.
     
    shabbir, Jan 23, 2014
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