GodrejCp Looking Bearish

GodrejCp

Giving a Good Short Opportunity

Market broke support and retested it as a resistance in Downtrend.
1800 resistance is a round level with high CE open interest, confirming it to be strong resistance.
A Bearish Engulfing Candle confirming the same.
200 EMA and 21 EMA acting as a resistance to the same.

SL above Bearish candle
Wait for Market to retrace till 1690
Target the next marked level

PE of 1400 costing 2500 looks good to Buy

Please take at your own risk. I am not SEBI registered