not even a single trade,ahaaan ,man ??? hehe,it means you have to learn trading,thats one truth,okie.
second,if rcom doesnt cross 517,short it with stop of 521 is what u will find in today's tip which i later updated to short at the break of 511 for a target of 503.
see,now,rcom goes down below 511 in first shot and then also bounce back once to 512.5,now when it takes second shot at 510,you have solid confimation of shorting.
what if it would have directly gone to 507 first,then u have to wait for some bounce and see whether it tries to cross 511 or not.
Index supports and resistance does matter to index stocks.when rcom was going below 511,nifty was at 4309,i asked to short nifty[futures] if trades below 4308[spot],so you have to coincide and look out from a broder horizon also.
yes volumes matter,a stock many days can beat and disregard index movement also,you have to see that too.
the best was you could have shorted rcom,when you saw it made high dot at my level of 517 and never tried to cross it again.