saket_bagade

Falling knife

Short
NSE:BPCL   BHARAT PETROL CORP
Everything on chart
Trade active: Entered the trade around 411
Comment: Closing price 413.45. Let's watch on Monday
Trade active: 1st target of 404 reached. revise SL
Trade closed manually: Looks like there is lot of short-covering as F&O expiry is nearing. Closed the trade at new SL of 411 (which was my entry point). We may re-consider shorting at some later point of time.

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