In the last update, I told you to short sell this stock at 2221 and 2245 and the price was fallen up to 2102 (missed target 2083). Again we are seeing a bounce back in price 2270. Let me create a sample of trade setup for you:
Trade-in steps:
1st step to trade short side 2290 nearby
2nd short sell will be at 2315 nearby
Suppose achieve both trades, then stop-loss should be above 2340 above (which is so far). the first target is easy at 2195 nearby.
Another scenario: price fall below 2200 and closed below it with the heavy volume, then target 2143 and 2083 again
Risk and Reward rate is very high in this setup.
Comment
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As per calculation: Yesterday closed rate at 2190 + 123( daily ATR) = 2313 (This is the best level to short)
I am waiting ur update every time..... wait for shot
Trade-Technique
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@vijaykaja, Yesterday closed rate at 2190 + 123( daily ATR) = 2313 (This is the best level to short) that why I have given 2nd trade at 2315
sbhbadrinath
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Hi,
I bought 2293 in cash on last wednesday. can i hold this stock or do i need to sell this stock. i can hold for a week. can it bounce back, i can loose 20-30 rs. if it is going downtrend fully this week then i need to re-think. just need your views mam.
sunilkumartej
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have open short position in HUL at 2160 , seems it can touch 2120 level on Tuesday itself.
I am still not took any position just obersving..
Any level to short or avoid this counter for sometime