I was short on SBI at 3200 with a target of 3050.
But the stock has formed a morning star on 21 Oct 2010 which is a bullish reversal pattern. Today, chart shows a doji. If the market opens up tomorrow and trades with good volume for part of the day, I'll liquidate my short position and not wait for my stop to get hit.
Chart Source: in.reuters.com
No comments:
Post a Comment
Post comments to share your thoughts and interact with me. Communication from you inspires me to keep posting !