Hind Zinc Short Setup
Updated
HINDZINCRSI Making lower lows, Momentum does not
agree with price.
soon we can sharp move downside.
avoid buy at 52week high levels
Sell Range - Rs282 to Rs287
Stop Loss - Rs296
Target 1 - Rs255
Target 2 - Rs240
Strategy will be to go for PE options (safe side buy Jan Puts rather than Dec Puts)
Futures sellers strict stoploss.
Trade closed manually
Note
near support so closed it... wait for pullback to short again..
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