Britannia Weekly Doji: Possible Short

Monthly gives a mixed view with green candles and minor resistance rejections.

Weekly:- Doji formed at Monthly Resistance, price losing steam, showcasing negative bias.

In daily, there is a nominal bearish divergence in RSI as well as red candle rejection of monthly resistance. Now, awaiting a TL break to further confirm this bearishness and go short with SL of 3420 and target of 2847.

Yorum:

The breach of TL is not so convincing. Looking for a clear break today.

İşlem aktif:

Britannia results gave it a gap up. I don't consider results in my analysis. Hence, I'm not creating a bearish option strategy.
1. Bought 3300 PE at 93.4
2. Sold 3150 PE at 34.7

Yorum:

Typing error, "I'm CREATING a bearish..."

İşlem elle kapatılmış:

Exited with max gains on expiry. twitter.com/afzal_57