TATA POWER CO LTDShort
Tatapower SHORT Doji Star confirmation RSI
Updated
White candlestick followed by a Doji with a gap up at the opening formed bearish Doji Star(on 29.03), which gave confirmation yesterday. RSI is telling the stock is in oversold zone and running out of stream. Moreover there is possibility of trend reversal which is quite often after forming 5 pivots but that needs confirmation yet. One can short the stock by providing stop loss little above the recent high so a low risk trade.
Trade active
Trade is doing well continue with trailing stop loss. I've moved down to breakeven level now.Trade closed: target reached
Closing today with reasonable profit. :)
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