Why to watchout this stock for short selling:
Tick 1 : Bearish pattern formation.
Tick 2 : Stock consolidating on 200 DMA which is acting as a strong resistance.
When to take a position:
Breakout of the wedge is the right point to enter with a stoploss of 50% of the range in which stock is moving.
** Manage your risk and trade with proper analysis..
Tick 1 : Bearish pattern formation.
Tick 2 : Stock consolidating on 200 DMA which is acting as a strong resistance.
When to take a position:
Breakout of the wedge is the right point to enter with a stoploss of 50% of the range in which stock is moving.
** Manage your risk and trade with proper analysis..
Comment:
It is performing as suggested keep an eye on it.
Trade closed: stop reached