CESC is giving a short setup. The stock has been moving in an upward trend channel which is about to be broken down.. Expect a substantial correction or sideways movement in the stock before moving higher.
Whatever said and done siraj has done a wonderful study and good to see such people in the forum. Criticism has to be taken with a pinch of salt. You will find people making plenty of noise. No need to prove anyone about yourself. Your work will do the talking. cesc has proven that.
SirajHudda
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Thank you
imdbestindiantrader
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It is too early to go short. There is no proper confirmation. Also it is a support area. If you see the the last four daily candles they are not able to break the support area. It seems the price will go up rather than going down
SirajHudda
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By all means.. trade your strategy.. I am just giving my view.. no trade calls for any one.. take it or leave it..
imdbestindiantrader
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I understand it's your view. I just want to say you have to be more responsible when people are following you because there will always be traders who will trust you and place the trades accordingly. I also hope you are correct. Traders who understand technical analysis will wait for confirmation. All the best
I don't want to be rude, but Sorry to say that by making a comment like ''take it or leave it'' shows you don't care for the traders who are following you or for traders community.
Happy Trading
SirajHudda
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Well when we talk about technical analysis.. its a very vast field.. if I am following a wave analysis and you comment me based on support/resistance or candlestick patterns and give your analysis upon mine it does not fits the criteria.. so if your strategy is based on candlestick / support/ resistance says not to go short mine says go short with defined stoploss and target levels giving me a risk reward advantage that I can take based on my strategy.. did you tried to find out what is my strategy.. what was my bias towards taking the trade.. what is my risk reward? why did i suggested the trade.. when you dont know the analysis behind my trade.. then dont comment on it based on what you think and what your analysis says.. again technical analysis is very broad subject.. when you get a confirmation to short you might get 30 points out of the trade where as mine would give me 10 or 50 points based on my strategy.. so the answer remains.. take it or leave it.. its just my analysis.. not a trade call.. if you want to know more details about my analysis contact me rather than commenting on a post about my analysis for which you dont have a clue..
imdbestindiantrader
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looking at the chart it was very clear to me that you are following EWA (so as you think it is not a mistry).
I am laughing after reading your comment. I am afraid that I have already spent too much time here and it is clear there will be no value addition in contacting you.
I hope your analysis is as good as you think and hope just may be, you will give some contribution to the trading community.
Happy Trading and All the best :)
SirajHudda
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haha.. now thats something.. if you already knew that I was using a Wave Strategy then your first comment itself shouldn't have been coming and you should have not talked about support resistance and candlesticks.. and you are right.. its better not to waste time on something you dont know and then on what you are talking about it..
imdbestindiantrader
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I totally agree "'its better not to waste time on something you dont know and then on what you are talking about it..''''....hahahaha