Monday, 4 March 2013

4th March :


United Spirits : Unexpected.
                        Who cares ?

Current Spot : 1825
Adding more Out of Money 2000 Calls ( Cheap enough to play the falling knife)

Will square of everything if prices dip below 1780/1750.
No room for ego.

SS

5 comments:

  1. United spirits coming down.

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  2. Yes sir , thats making me tense enough.
    But want to play it out.
    2 min has shot Positive Divergence.... at-least limiting the downside for now,
    But will square of each and everything in whatever price if we click below 1785

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  3. Draw trendline touching - 29 nov, 12 feb and 1 march.
    On 1 march there is inverted hammer which says limited upside from here.

    what u say??

    ReplyDelete
  4. Ranjan you are focussing on smaller trends and a one day daily candle.
    I had drawn the bigger picture , the trendline you are talking about , I took it as flag of the pole flag pattern and post this breakout of the trendline fierce upmove could have emerged. MACD was crossing above zero and as always there is always a BEAR attack whenever a MACD are about to cross 00 line ( to wipe weak shorters) , I have come across thousand of charts whereit happens....so I am all patient , till the time 1785 is not taken out , I am CONFIDENT enough target is 2200 in coming days. I will post a decent loss if prices dip below 1785 and I have to lose positions . I am into 2000CE. Out of Money calls as I am eyeing bigger fierce Upmoves in coming days

    ReplyDelete
  5. *read it as 'to wipe out all weak longers'

    ReplyDelete