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ArcherDAVIS
Aug 22, 2020 5:30 AM

ZEEL SHORT  Short

ZEE ENTERTAIN ENTNSE

Description

The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.

SL near previous swing high.
Target @ previous swing low.

Trade closed manually

Cutting losses short, I do not see the same potential in this trade anymore.
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