MehulJain3a

Hind Zinc Short Setup

Short
MehulJain3a Updated   
NSE:HINDZINC   HINDUSTAN ZINC
7
NSE:HINDZINC

RSI 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
Comment:
near support so closed it... wait for pullback to short again..
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.