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ShanmukhamKumarappan
Oct 17, 2018 9:07 AM

JPASSOCIATES goes from bad to worse Short

JAIPRAKASH ASSOCIANSE

Description



Several reasons for shorting the stock
1. A bearish TK-Cross below the Kumo
2.Price could not get into the cloud - Span B of the cloud acted as resistance and price moves downwards
3. There is a small Doji before the first red candle indicating indecision . But this was soon solved as is shown by the engulfing red candle immediately after the doji.
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