Short MotherSumi

May 31, 2020

Short is based on the rejection at resistance of the trend line, So giving this short idea based on this. One can keep stop loss at 100, rewards can be booked once its near the support line, Can take fresh positions after that accordingly, Further breakdown of support can go fresh short for a target of 50 with a stop loss of 90.

Jun 1, 2020

Trade active

Due to a huge gap up the stock opened above the resistance acting as support now, waiting for a breakdown

Jun 2, 2020

Trade closed: stop reached

Gap up yesterday is sustaining so its risky