200DaySMA

rangarajan

Well-Known Member
#31
RR,

What are your thoughts for LT?It has already broken 1536 PL and closed at 1531.95 in Spot Market.Now question is whether it can test 1500 which seems to be strong support level or it can make a comeback from Friday's level because this stock is already falling for last 7 sessions.
LT was a Short<1573 as per Quadra making a Low of 1525,with initial s/l 1661:)
Dont be scared by the huge s/l.U made 50 points from short level.

It is in Down trend as well. LH/LL
Weekly chart also shows down trend.
Any close below 1525,Gone with the wind.
Expect a pull back & as per Traderji's 3Months H/L strategy,it should c its Waterloo below 1536.

More money is made in Shorts than in Longs.
Many times,i am nervous & afraid to post my opinion technically here because many of my Gurus r from this Forum only.
 
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