Asian Paints entering PRZ for bearish deep crab
. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post getting a strong bearish
candle in daily chart
Particulars of trade:
Target 1 = 1945
Stop Loss = 2317
R:R = 2:1
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