crown, good to see you progress. Good luck with your trades.
have a look on sesa goa's daily chart. for last few session it is comng down from 330-332 with base around 313-311 . I don't have any position open in this stock.
Thanks Raj bhai
I thought that its taking support at the levels indicated by you and yesterday it gave gap up opening with strong upside move. I was also expecting today's market to be strong. Therefore, made a long entry into this stock.
Though, on pure technical basis I should have waited for the stock to break the resistance levels at 330-332; but I tried to have an early entry to maximise my gains.
Today, it opened higher at around 330 levels and I was not sure whether it will further go high or down. I just waited for 5-10 minutes and after that made a long entry at 328.30 for the first target of 340 if it goes up. But unfortunately, it is going down. Just now, seen on news that FIIs has sold 1,00,000 shares of Sesa Goa; may be that is the reason for its going down.
But as we all know that trading is just about taking chances, sometimes you click, sometimes not. I had taken my chance with little knowledge of TA and in case it violates the support level, I will be out. Till that time, I had to be in the trade. Like, I am still holding my short of Hind Uniliver.
