@Spaceship I just love when people argue without having anything substantive to support their statement. It becomes easy to wash them away with facts, that too in matter of seconds.
Before anything else, understand this chart below. Time is 11:05 am Timeframe 10 min charts RSI 88 ( “in that particular” moment 90 something) The first arrow is indicating RSI and second one the candlestick
Now tell me one thing, what do you exactly understand by the term overbought and shorting? If you don’t see an opportunity for shorting for quick small trade even when the RSI is 89/90 then there is something that you are lacking.
For not making you feel bad now i can say to you that "i was wrong spaceship (if that’s your real name) i should have waited for rsi to go below 20 then it could have been a perfect opportunity.
Apart from anger and sarcasm i’ll be interested in some STRAIGHT FACTS on charts in your response 
Tapovan, the important words here as ‘quick small trade’, quick implying a close target and small implying a small quantity. Because people who went long at 380/379 levels could’ve made money as well as Biocon went to 383.85 after that. Maybe you can provide a target level while posting. Not everyone can see what you see based on your indicators.
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The word is aggressive trader
It’s okay, some people take a short nap too while tracking. Well i’m not one among those. Exploit every single opportunity
At the time of posting and afterward, Biocon fell from 381 to 376. That’s a 1.5% dip. Would you not account that as a shorting opportunity given the nature of the trade?
I’d hope for something constructive to come out of this thread but certainly not belittling people and diminishing their efforts.
Hmmm. I have nothing personal with anyone.
Why so serious! 
Well according to your chart, could anyone pick that shorting opportunity that very moment of the day?
Posting a chart at end of day is an easy thing but I doubt if anyone could get a strong signal to make short position in it before 12 noon. And it took long enough for the price to come lower.
There were better shorting opportunities then why only biocon. Considering other options, you may not have gone with biocon if you had to pick a trade.
Thanks
That is completely true, but Tapovan happened to only spot Biocon at the time and Biocon did fall 1.5% from the time of posting.
We can end it now guys. I will try to post better risk to reward ratio trades in future
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Mr. Srinivas but its easy thing to mark a highest point on a chart with the LOW at end of the day.
I will look forward for more trading ideas from Tapovan. Have chit chatted with him already in private messages.
Cheers!!
And yes, Tapovan did had this stock on his radar for sometime but he maynot have received a confirm signal from chart at that moment to create a short position. Thats why he also may not have felt that much confidence to enter into this trade. Though later this stock did declined somewhat but after taking enough time. Obviously the more the time our position remains open , the more it is prone to risk because markets are full of uncertainty!
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The stock was on his radar & he was studying the behavioural pattern. He didn’t trade it because he may not be fully convinced.
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