Short IOC around 382-385 for trgt 360 stop loss 392 Short

INDIAN OIL CORPNSE

Description

⋅ Mar 6, 2018 11:46 AM

NSE:IOC formed a nice bearish pinbar and closed below its 50EMA,200EMA and near term support

my target for IOC is 360 , will look to short tomorrow

Trade active

⋅ Mar 7, 2018 4:13 AM

Shorted at 381.10

Comment

⋅ Mar 7, 2018 8:11 AM

very boring trade....not moving either way ;)

Trade closed manually

⋅ Mar 7, 2018 9:53 AM

finally shorts covered at 379.10 .....3 points profit but very boring trade..

may be due to bonus shares news people are holding it

Comment

⋅ Mar 7, 2018 9:54 AM

sorry...2 points ...plz excuse the typo

Comments

riteshtidke07

⋅ Mar 8, 2018 10:35 AM

i have shorted it arround 372.35 in future 1 lot shall wait for my price or exit at market price on friday

ZiaAlive

⋅ Mar 8, 2018 11:16 AM

@riteshtidke07, if you can keep stop loss of 287(15 points loss) then continue else ...cover your short....you entered at wrong price. risk reward is not in your favour

riteshtidke07

⋅ Mar 8, 2018 11:18 AM

@hirezia, okay, thank you tommorow i will exit at market price.

ZiaAlive

⋅ Mar 8, 2018 11:24 AM

@riteshtidke07, you can switch to gail ...if you are a positional trader .....