Kinnari_Prajapati

Expected Spike fall on MCDOWELL if everything is ok.

Short
Kinnari_Prajapati Updated   
NSE:MCDOWELL_N   UNITED SPIRITS
  • The extension seems in timeCycle at (d) excess.
  • If (d) is excess, but not breakout, for the seller risk and reward ratio is much higher for the short side.
    At 563 nearby, the attraction of seller can for the target at control price 555-552 and also 547.5.
  • While the short selling volume should no be higher than prior high and expected spike fall.
Keep Rs .1 of the stop to loss with prior high price only.
Comment: See, Spike happened as expected...!
CMP 547
Trade closed: target reached: As expected target achieved.
Trade closed: target reached: We have seen solid fall in WIPRO.
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