I want to know what is your decisions for trading on this type of situations.
I usually realize that the movement of the stock is not according to expectation only after I have taken a trade. So, might have to trade accordingly.
Recently When UIDAI cancelled E-kyc of AIRTEL.
I was in Full Mood to Short AIRTEL on 18 December 2017 at Opening But Wait wait I decided to wait and not to Enter early Because Airtel is in Good Uptrend with Good Volumes.
I saw It Touched the support levels and Quickly Bounced back from support levels Instead of breaking support levels.
Even with bad news About stock I was in full mood of shorting and looking at the current Price Action I bought stock and Booked Profit.