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SHORT ON GEEKAYWIRE(NSE)
GEEKAY WIRES LTD
Short
SHORT ON GEEKAYWIRE(NSE)
By Aditya_Singh21
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Updated
May 20, 2020
1
Cheer
Cheer
May 19, 2020
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!
May 20, 2020
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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Aditya_Singh21
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