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Equity_OptionTrader
Feb 6, 2022 7:03 AM

POSSIBLE BREAKDOWN CANDIDATE! Short

GMR AIRPORTS INFRANSE

Description

1. Head & Shoulder in Formation. (Bearish Pattern)
2. Confirmation below 43 DCB.
3. Patterns fails above 45 DCB
4. Pattern completion Target 39. Break down Target 36.
5. Slow moving small stock so Option Trading (on Buying side) is not advised.
6. Consult your financial adviser before entering any trades because it involves monetary risk.
7. Views shared here are for education purpose. Do Like & Share. Thank You! :-)

Trade active

Low of 41.20

Trade closed: target reached

39 done. Personally closed it here.
Comments
riteshraj1808
Booked good profits ✅
Equity_OptionTrader
SK_tron
will breakdown happen? what do you think?
Equity_OptionTrader
@SK_tron, Only when it closes below 39.
SK_tron
@Equity_OptionTrader, since the market is weak, you think it can happen?
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