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kacharts
May 24, 2018 5:11 AM

mothersumi Short

Description

breakdown below 300

Trade active

head and shoulder breakdown

Comment

Order cancelled

Comments
AdityaSubramanyam
@KumarAbhilash since the chart is daily, we have to look at closing price. Since it closed above 300, trade shouldnt be triggered. If you look towards the left there is also a candle below 300 but it rose up and closed above 300.
kacharts
@AdityaSubramanyam, totally agreed but in case of confusion when u look closing price always look line charts - breakdown actually happened below 304 and yes i preempted breakdown by seeing volume and behaviour of stock
kacharts
@AdityaSubramanyam,

also below all the moving avgs
kacharts
@AdityaSubramanyam, but anyway , short is valid only if price closes below 300 else short is not valid
viveksood10
If it close below 300, what should be the target?
kacharts
@viveksood10,

284 1st imp support
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