ProTrader1987

Idea#5 Opportunity in SRE INFRA

NSE:SREINFRA   SREI INFRASTRUCTUR
SRE Infra is in downtrend and has been slipped ~55% from last year. Company has posted awesome result this month only and also its subsidiary(SREI' Equipment Finance (SEFL)) is going to list on NSE, SEBI has already provided observation letter to company.
SRE Infra is trending near to its trend line and also in oversold zone as per RSI .
Below are the stats for your consideration:
Buy Side Stats:
CMP: 42.15
Make a long position above 42 with the SL of 41
Short Side Stats:
CMP: 42.15
Make a short position below 41 with the SL of 42
My only motive is to give smallest SL, you can keep your target as per your wish. However, please trade with strict SL.
Trade active: Still following the trend line, keep a close watch
Trade active: Keep a close watch.
Trade active: Trend line has been breached, so it could be down from here. Please keep above advised level in mind
Trade closed: target reached: What a downfall... Closing the trading with the great profit. Closed 17% down

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