Bunny,
So,according to u ,it is only distribution.If so,what signals to look for buying as the stock has closed above previous PHs of8th& 13th & pierced 16/7 & also formed PL on 18/8. If one wants to short,i think it should be below 842 as the PH would be formed , with s/l as per individual risk aptitude.
Also,i infer from u that PHs or PLs ,r not to be seen in isolation w/o vol.Fine.In this case,is there a chance of losing opportunity to participate in the tend.
ranga
So,according to u ,it is only distribution.If so,what signals to look for buying as the stock has closed above previous PHs of8th& 13th & pierced 16/7 & also formed PL on 18/8. If one wants to short,i think it should be below 842 as the PH would be formed , with s/l as per individual risk aptitude.
Also,i infer from u that PHs or PLs ,r not to be seen in isolation w/o vol.Fine.In this case,is there a chance of losing opportunity to participate in the tend.
ranga
See the below chart of BALAJITELE: Observe how the prices shoots over its previous high with high volumes, comes down(observe that with every down day, the volume is decreasing). This means that is no selling pressure and the price rockets again.