The stock is showing good frequency at the MLs so one can short at current level. The trade offers a good Risk to reward ratio even for the first target.
Order cancelled
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The stock has started disrespecting the PF so I've closed my trade at the entry price. Would look for another trading opportunity.
This might be a short-term view. This stock has broken a multiyear high and normally such stocks tend to be 3-4x in next 12-18 months. I have seen that live in many stocks.
praveen.bhatiya
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Thanks for your comments and guidance. You are right that my view is frin a short-term trading perspective which provide good risk to reward ratio. It is not for medium/long-term investing.
atulastra
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Thanks a lot for appreciating the views. I am novice in short-term movements, will surely gain a lot from your experience and guidance :)