MehulJain3a

Hind Zinc Short Setup

Short
NSE:HINDZINC   HINDUSTAN ZINC
228 views
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..

Comments

Good Call Mehul, Let the Calls Keep Coming...
Reply
MehulJain3a vishalbenglooru
@vishalbenglooru, thnx...yes i'll keep on posting whenever i get opportunity
Reply
good work
Reply
very precise and exact......thank you
Reply
MehulJain3a rohit.muluk
@rohit.muluk, thnx
Reply
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