Bhai is chart ko dekh ke kuchh detail bhi batao apne liye to kaali lines hopeless
praveen bhai
me kya detail bataon
I am already confused a lot on many things
First of all, though I have started a bit to understand the direction; but yet not able to catch the appropriate supp and resistance levels.
Like I shorted Tata Motors on 2 August and on 3rd August I was out of it on your recommendation. On 4th Aug it was just okay. But on 5 Aug onwards, it started moving upward. I tried a lot to figure out the reasons on charts, but still not able to. While you know that it will go up. How?
Then I shorted SBI Bank because I found Banking Sector a little weak. It also went down a bit, but then again it went up straight. On that day when I shorted SBI, I had three options to go short in banking sector SBI, ICICI and Axis Bank. I chose SBI while Rajput Bhai Chose Axis. I am sitting on loss while Axis has done its job. Where am I missing? It is really so much painful to not able to understand, despite all best efforts and sleepless nights working on charts.
Then I shorted Tata Steel on Friday at 543 and it was something okay. I hold the position as Tata Steel closed at 531 after making a low of 529.50. But today, all went wrong. While I was at good gains on Friday, today I am confused what to do.
I shorted Ashok Leyland by taking put of 70 at 1.70 and at that time Ashok Leyland was at 73.80. Now even after 3 days, the price of Ashok Leyland is 71.65 and also made a low of 70.80. but there is no increment in my put. Why, I really don't know?
Similarly many other trades which were initially good, but I dunno where and what I am missing.
can u please help me in this regard