@dnpmail, Wait for the price to come to this level to initiate a short . Don't chase the price ..let the price come to the level where we want to short . Risk is already defined, entry into the shorting zone needs to be checked before taking entry ..
@dnpmail, See the example of BATAINDIA Short posted yesterday . I waited for the price to come close to the level where I have decided to go Short. It gave very easy risk: Return of 1:2.
Out of 3 planned trade only one got executed , while for other two its still on watchlist.