Good morning Crown Bhai,
Yes that was the thread I was talking..Thanks once again. Unitech per koi opinion. I will settle today evn I get 50 paise around.
Yes that was the thread I was talking..Thanks once again. Unitech per koi opinion. I will settle today evn I get 50 paise around.
Well, opinion about Unitech will be a bit difficult for me to offer.
After a long magajmaari, I concluded that I will absolutely avoid going short in any script, when the overall trend will be positive. Secondly, I also avoid, as much as possible, trading in the scripts which are range-bound.
Technically speaking, your trade is quite appropriate. But, you see, the risk factor is too much; not in the terms of money but in the term of momentum. The overall market is bulging with buyers dominating exclusively. Under such circumstances, it will take just few minutes for Unitech to eat the stop-losses and then it may have its move on either side. Unitech is at its resistance, which it failed to violate a lot of times. But, it may violate it or it may not violate it - so, there is some doubt. Under such circumstances, I find it better to avoid.
Therefore, be safe and be alert.