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Rajesh_S
Sep 13, 2020 3:23 PM

INFRATEL - SHORT Short

Description

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.
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