There’s a huge price rejection by bears at the top levels - look at the candles showing bearish engulfing the green candles in the charts.
Tgt - 100-200 points
SL - 200 points
You may also enter PE position of 2400-2300 or Short CE above 2500
Would like to know your views too. Pls comment.
Buy at 230-234 range for an excellent entry.
SL - Exit if stock close below 228, since it will definetely test the low's of the rejection candle.
Reason for the trade: Rejection + Failed New Low(Previous day)
Exit when: A daily close below the Rejection Day midpoint breaks the pattern, as this would indicate a retest of the Rejection Day...