Hey,
Thanks. This is why I asked for reason to go long. Stock is in bearish zone and watch the volume in chart posted by you, its very low compare to previous time in that zone. Accu/distri and OBV have already made new Low which suggest that there is offloading going on. By going long at 120-125 can fetch 5-10 bucks but it will be very high risk trade, And as rest indicator are showing, there is greater chances to break this 120 support as per OBV and Accu/Dist. I will rather watch behave of stock in that range rather then buying CE.
Thanks. This is why I asked for reason to go long. Stock is in bearish zone and watch the volume in chart posted by you, its very low compare to previous time in that zone. Accu/distri and OBV have already made new Low which suggest that there is offloading going on. By going long at 120-125 can fetch 5-10 bucks but it will be very high risk trade, And as rest indicator are showing, there is greater chances to break this 120 support as per OBV and Accu/Dist. I will rather watch behave of stock in that range rather then buying CE.
the Author of the above trade is a trader , he has clearly stated that his stop will be very less but the rewards will be high , In trading 2 things are always considered risk:reward and probability , while the probabilities of the trade working are low (in my humble opinion), the risk:reward is very high so it makes sense to him to buy it it might not make sense to you and me , I am a intraday trader , when dlf reaches 120 and i see some positive price action above it i will most certainly buy , if i see panic i will short sell .