Tuesday, November 15, 2011

FOLLOW UP

On Friday in this post http://kolhapuritrader.blogspot.com/2011/11/will-it-hold-5170-80-today.html we have mentioned that "NOTE : UNTILL WE PREPARE THIS POST AT 10 AM NIFTY CLOSED AT 5185.50 WHICH IS BELOW 5215, SO IT LOOKS LIKE AT LEAST IT WILL TARGET 5115 WITHIN 2-3 TRADING SESSIONS."
 Now today low made was 5120.95, so the target of 5115 is almost done, and on hourly chart there is positive divergence as shown in chart below, if someone have shorted at 5185.50 should have booked profit at around 5120-30, so there is cool profit of 55-65 points within 2 trading sessions. THUS AS PER SAYING TRADING IS GAME OF PROBABILITY, IF U TRY TO LEARN HARD, AND ABLE TO PREDICT FUTURE PRICE MOVEMENT MOST OF THE TIMES ( YOU MAY NOT BE RIGHT ALWAYS BUT MOST OF THE TIMES YOU SHOULD BE RIGHT ) YOU WILL ABLE TO WIN THIS GAME !

HOURLY CHART POSITIVE DIVERGENCE.
As shown in above chart there is positive divergence ( price making lower low while indicator making higher high ) looks like now it will target 5170-80 / 5200 in next 2-3 trading sessions. Stop loss for this trade will be today's low 5120.95

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