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mklives
Sep 1, 2019 8:05 AM

Asian Paints.. stretched Short

ASIAN PAINTS LTDNSE

Description

Asian Paints , a night mare for shorters in august (including me) as it just kept going up.
Made a new high on clear divergence in RSI
Price will not be able tp sustain at these levels for long. wait for a break of Tenken (blue line).
expecting a correction to 20 dma sometime and lower to test Kijun Sen (maroon line).
its a positional call. targets 1580 1550 1530

Comment

1580 achieved

Trade closed manually

1589 1550 1536 achieved, not waiting for 1530
Comments
brijeshb30
Let's wait for shorting opportunity, what is SL for this positional call????
mklives
@brijeshb30, sell below last candles tail and keep SL of high. call is valid only if it breaks below
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