praveen.bhatiya

NCC SHORT Multiple patterns !

Short
NSE:NCC   NCC LTD
I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason :
1. The stock is showing good frequency around the lines.
2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal.
3. MACD is showing Divergence & Stop loss is affordable to me so looks worth risking.
Trade active: Shorted today Fut @ 88.60
Trade closed: target reached: Stress Free trade has rewarded well booked profit @ 81.