Day trading
I have seen that whenever a stock price increases suddenly to a high rate (7 to 10%), it can not sustain to that high price after that it goes down to some percentage. For example on 02-03-12 Check FINANCIAL TECHNOLOGIES . Within 15 min period its price 40 rs increased. after reaching 874 it gets fall down. Suppose if we went short at 874 we can get considerable profit.
Can any body tel this strategy ok or not. See the attachment.
Regds
Thiyag
I have seen that whenever a stock price increases suddenly to a high rate (7 to 10%), it can not sustain to that high price after that it goes down to some percentage. For example on 02-03-12 Check FINANCIAL TECHNOLOGIES . Within 15 min period its price 40 rs increased. after reaching 874 it gets fall down. Suppose if we went short at 874 we can get considerable profit.
Can any body tel this strategy ok or not. See the attachment.
Regds
Thiyag
Attachments
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