Uss ke liye ilaj hai mere paas
On a serious note, find weak stocks to short which are in established down trend. REC long/medium/short term trend is down. However, today it was bouncing after a heavy fall of last week. These pull back rallies can be very vicious and can bite very badly if you short without a proper understanding.
You have to wait for the rally to end and only on failure to go higher you have enter short. See chart marked in green. No intra day swing has been breached on the downside.
See the region marked in yellow. Price has been rejected there twice. We can wait for price to get rejected and see what it does. If there is another rejection(as can be seen developing), then we can pick an appropriate spot to enter.
Edit: I hope you dont mind me pointing this out. Apologies otherwise
On a serious note, find weak stocks to short which are in established down trend. REC long/medium/short term trend is down. However, today it was bouncing after a heavy fall of last week. These pull back rallies can be very vicious and can bite very badly if you short without a proper understanding.
You have to wait for the rally to end and only on failure to go higher you have enter short. See chart marked in green. No intra day swing has been breached on the downside.
See the region marked in yellow. Price has been rejected there twice. We can wait for price to get rejected and see what it does. If there is another rejection(as can be seen developing), then we can pick an appropriate spot to enter.
Edit: I hope you dont mind me pointing this out. Apologies otherwise