It is been observed that the price action is indicating weakness and strong selling pressure at higher prices. It shall further go down from current price action.
Target 1: 235
Target 2: 230
Stoploss: 248
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评论
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Stoploss revised to 252
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Going good, did not touch the stoploss 1.
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Keep holding Shorts, it shall break by tomorrow or next week. Today, it is just expiry rally.
Neetesh Bhai you are a true geneous as far as your stock selection and levels are concerned. God bless you.
NeeteshJain
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@RKN001, I believe stock selection comes with practice as you learn to ignore stocks that are not suitable as per your trading style or skills. I appreciate your generous feedback. Regards
@SatyamMishra, The price action did reach to the stoploss but it did not close above it convincingly and I still recommended the shorts as it was indicating selling pressure at higher levels and it did fell strongly. There is more downfall to come in this one. Regards
SatyamMishra
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@NeeteshJain, sir it reached to 256 and closed above 252 twice after you recommend short.
NeeteshJain
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@SatyamMishra, Yes, and I still updated the status to Active and also recommended to hold onto the Shorts as it was observing continuos weakness, meaning that price was rising but no delivery and no major buying seen. Sometimes big players move stocks against the trend in order to create panic within retailers investors.
this is weekly chart, It appears as if it has started its bull phase, but definitely correction may see upto your targets. please see the link above and reply