Swingtrader20192015

Shorting Opportunity in Bharat Forge

Short
NSE:BHARATFORG   BHARAT FORGE
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.

Trade active: Shorted at 502. Wait for big drop coming tomorrow.
Comment: 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.
Trade closed manually: Trailing SL Hit at 500.5. Exited at cost.
Comment: Bharat Forge is moving towards the target. But i have exited the trade.

Comments

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