It is been observed on daily and weekly chart that the price action breaks and closes below 40 price levels which was acting as crucial support levels. Now, it shall further move down to the next support levels at around 35-33 levels with few weeks. Regards
Target: 35 Stoploss: 41 Risk Reward : 1:2
Trade active
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Trade active
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Comment
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It may further go up as per today's close, Regards
In such situation, either a person should hold shorts or buy a CE option to hedge. Just an educational tip. Regards
Trade closed: stop reached
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Stops reached but still it will good to short it around 42-42.50 levels. Regards