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Aditya_Singh21

SHORT ON GEEKAYWIRE(NSE)

Short
GEEKAY WIRES LTD (NSE:GEEKAYWIRE)  
Aditya_Singh21 Updated   
NSE:GEEKAYWIRE   GEEKAY WIRES LTD
Trend Analysis Chart Patterns Technical Indicators short DROP profit newbie like comment
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trendanalysis chartpattern indicator short drop profit newbie like comment
This analysis is only for educational purposes, Invest at your own risk!

  • GEEKAYWIRE's price plummeted 20 points this month.
  • This price action may be done by institutional investors or operators who have accumulated and markuped the stock.
  • The next phase for these institutional investors or operators will be Distribution , Hence a large sell volume will be seen.
  • Therefore going short can be very profitable since the stock price will be droping low very soon.

Any kind of criticism is highly appreciated !
CHEERS!
Trade closed: target reached:
The Prices have fallen hence my analysis proved to be correct !
short position proved to have been profitable!
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