imdbeststocktrader

Arvind - Short

Short
BSE:ARVIND   ARVIND LTD
1. There is a strong resistance zone .

2. In past Price has reversed from this zone.

3. Even though the price has broken this zone the voulume is negative that shows the sentiment among traders in the market is bearish . There is a high possiblity of price reaching to 1st Target at 331 and then the 2nd target at 308.

4.Price at Point B on the chart is higher than Point A. However RSI at point D is Lower than point C. This indicates bearish sentiments.

5.Short is the call

6. Please feel free to ask questions, give constructive feedback and your views. Please hit on like, it's an incentive to me and motiviates me to share more setups.
Trade active: Today (26th September 2016) there was a fight between Bears and Bulls. Tomorrow will be interesting.
Trade active: In the money today. Expecting the price to go down further
Trade closed: stop reached: S/l hit
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