Novicetrader2015

Glenmark - Thursday Trade

Short
NSE:GLENMARK   GLENMARK PHARM
Stock has broken support zone today. further weak if breaks Trendline tomorrow or in coming sessions.
Trade closed: target reached: Stock opened gap up but gave 2.5% after breaking TL. Easy shorting. Those who have taken for swing can book 60% and trail SL to 460 (risky)

Comments

Novicetrader2015 StockWhizzer
@StockWhizzer, This was Intraday trade, have you taken positional ? If yes, then I have already suggested to book 60% and wait for 440-441 targets with trail SL. I am expecting stock to bounce a little in next sessions before coming down again (risky)
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@Novicetrader2015 havnt already holding March Fut @ 465, exit or hold or rollover?
Reply
Novicetrader2015 StockWhizzer
@StockWhizzer, I am expecting it bounce a little however exit if hourly candle closes below 450
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