Sunday, 20 January 2013

JACKPOT TRADE :

Such evident chart patterns are Rare.
Every things tells just a one direction .

This can be one of those trades that can pull your capital from dearth to sky highs.
Would not be a smart choice , to bet with current month options.
Find next month contracts , may be out of money options will do or better bet big with Futures.

I want to SHORT COAL INDIA.
Current Spot : 354.80 

Here is the Daily Chart which Invites you to  create short positions.



Close below : 5,13,22 EMA
Close below long term black trend line
Yellow rectangle mirrors clean HnS pattern.
Club all with falling MACD (Going below 00)
RSI has much room to drift to selling side

I don't see any reason why the prices wont rush to kiss the lower end of the Blue Channel .
Target : Below 335

Knowing the direction of the trade has never been a tough job.
Choosing your vehicle of trade , balancing the greed with perfect risk reward ratio's , timing of initiation of trade to closure of trades , SL adjustments and Confidence is what marks an EDGE of your's over million others.

SS

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