brilliant day...or I just got lucky :clapping:
Traded in Wipro today...a NR7 candidate....also one of my fav equities now. Was not reacting to NIFTY going up and remained sandwiched between Bottom and Center BB line for over 90 minutes.
I assumed that it will react in unison with NIFTY downward movements and small corrections when NIFTY was trending up. Still, this was an assumption and could bite me in the rear....so I was cautious...
Took a short position in Wipro at 468 using 25% of my capital....
Added another 25% when price action crossed 460, an important support line.........
Squared off 25% of my holdings at 455 for a 12% profit....
Holding the remaining 25%, with a stop loss of 458....waiting for a target of 450... :thumb:
Traded in Wipro today...a NR7 candidate....also one of my fav equities now. Was not reacting to NIFTY going up and remained sandwiched between Bottom and Center BB line for over 90 minutes.
I assumed that it will react in unison with NIFTY downward movements and small corrections when NIFTY was trending up. Still, this was an assumption and could bite me in the rear....so I was cautious...
Took a short position in Wipro at 468 using 25% of my capital....
Added another 25% when price action crossed 460, an important support line.........
Squared off 25% of my holdings at 455 for a 12% profit....
Holding the remaining 25%, with a stop loss of 458....waiting for a target of 450... :thumb: