NeeteshJain
Short

Suzlon Breaks out from Trending Channel

BSE:SUZLON   SUZLON ENERGY LTD
It is been observed that the price action broke out from the trending channel and also retraces back to previous support levels on last trading day. It is to observe today that whether the price action goes up again and breaks the previous high of 18 (where we keep our stop loss) or it fails to go up and continues to the prevailing down trend and breaks previous low of 16.25 and reaches to our target of 15.75.
Trade closed: target reached
How did you short Suzlon when I guess, Futures or Options are not available?
Reply
@K-TOS, I didn't short this one, it was just charting example. Regards
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