Short
Short TATA METALIKS
Updated
Close above Bollinger Bands on the day chart. Due for a correction to mid BB around 570-550 levels.
The last time this happened the stock came down around 40 points
The last time this happened the stock came down around 40 points
Note
Also, RSI > 80, STOCH > 90.Note
Conservative traders, please wait for confirmation. Though STOCH and BB are reliable, the stock is strong uptrend and any short should be taken as a counter-trend trade. Not as a bearish signal.Trade closed: stop reached
Disaster
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