Short
AMARAJA. High Probable Short setup
Stock is in downtrend for since 2015. A supplier to automobiles and with the downfall of auto sector, revenues are struggling.
A very favorable risk to reward trade with high probability of success.
As I have understood that no one can predict exact market movements hence risk management is the key.
I work on probabilities and they are favoring this setup.
Levels are on the chart.
NOTE:- The move may be completed anytime in near future. Do your own analysis before trading/investing
Good luck!
A very favorable risk to reward trade with high probability of success.
As I have understood that no one can predict exact market movements hence risk management is the key.
I work on probabilities and they are favoring this setup.
Levels are on the chart.
NOTE:- The move may be completed anytime in near future. Do your own analysis before trading/investing
Good luck!
Trade active
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.