Rajesh_S

INFRATEL - SHORT

Short
NSE:INFRATEL   None
Reasons for Short and Setup:

1) Huge Bearish candle (on Daily) on Thursday and Gravestone Doji on Friday indicate trend continuation.
2) Trading below 20 and 50 EMAs.

Setup:

Entry: Can enter below 200.00 after breakdown with volume . Ideal entry 198.50
Stop Loss: Can keep at 204.00 - 204.50
Target: Can lookout for 190-189 depending on selling pressure. Adjust target accordingly.

Comments