GESHIP has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 09-06-2020 i.e Tuesday.
Prices usually tend to correct themselves on this day.
Combined with the DOJI formed on daily timeframe at an important resistance zone yesterday, one can look for shorting opportunities in intraday below 231.
TGT1: 225.5
TGT2: 218.5
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Prices usually tend to correct themselves on this day.
Combined with the DOJI formed on daily timeframe at an important resistance zone yesterday, one can look for shorting opportunities in intraday below 231.
TGT1: 225.5
TGT2: 218.5
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
Trade closed: target reached:
TARGET 1 @225.5 ACHIEVED at 2:20 pm