SHORT ON GEEKAYWIRE(NSE) Short

GEEKAY WIRES LTDNSE

Description

⋅ May 19, 2020 8:02 AM

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 6:50 AM

The Prices have fallen hence my analysis proved to be correct !
short position proved to have been profitable!