Shorting Opportunity in Bharat Forge

Nov 11, 2020

Bharat Forge has made strong Bearish Engulfing kind pattern and also has strong resistance at 520-530 level.

Also Made reversal from top of channel as shown in chart.

Try to short between 502-505 level with SL above 520 and Target at 460 level.

Nov 11, 2020

Trade active

Shorted at 502. Wait for big drop coming tomorrow.

Nov 12, 2020

Note

Bharat forge is opening gap down by more than 1%.

Trail SL to cost wait for more fall.

As a beginner, capital protection is the first priority for me.

Nov 12, 2020

Trade closed manually

Trailing SL Hit at 500.5. Exited at cost.

Nov 13, 2020

Note

Bharat Forge is moving towards the target. But i have exited the trade.