Generally, I avoid trading Auto stocks in the last week of any month as Auto sales data is on the 1st! But making an exception here! Crude shot up badly and we have a failed breakout here!
We will short if it breaks yesterday's low (We won't short the gap down case)
We will short if it breaks yesterday's low (We won't short the gap down case)
Trade closed: target reached
Comment:
Shorted at 8873; closed at 8783. Profit of 100 points i.e. 7500 INR.
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