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NeeteshJain
Aug 11, 2017 3:33 AM

PFC - Trending Down  Short

POWER FINANCE CORPORATION LTD.BSE

Description

It is been observed on the daily chart that the price action is trending down after consolidation. It shall further dip down from current levels.

Target 1 - 120

Target 2- 115

SL-130

Trade active

Trade active

Target 3: 110

It can further go down to 110 levels once it goes below 115.

Trade active

Now, it shall further dip down to 110-112 levels again.

Trade closed: stop reached

Comments
jayadeepreddy
what a day...:)
jayadeepreddy
by the time i shorted the price came down to 115..should i hold?
NeeteshJain
@jayadeepreddy, Yes, it may go up to 120 levels and then come back down to 115-110 levels.
jayadeepreddy
@NeeteshJain, tnks...
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