pravinpatil26

Infratel under pressure.....

Short
pravinpatil26 Updated   
NSE:INFRATEL   None
9
Infratel facing pressure.... stock is looking weak. Infratel has formed double top set up and RSI divergence is also observed.... Increase in OI with decrease in price showing short built up hence weakness will further increase after breaking 282....recommending short on infratel...
Trade active: sharp decline after breaking 282.. Weakness is clearly visible on the chart... Lets see how it reacts in coming days....
Trade active: Infratel didn't perform eben in todays strong market whicj shows its weakness..... Infratel closed today at 370 progressing towords our target....
Trade active: Target done in Infratel.... stock can be hold for further downside for 358 & modified SL would be 269
Trade closed: target reached: Target of 358 reached.... booked full profit...

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