Short HLL stop loss of 2420 for target of 2020

24 Nis 2020

HLL looks for short not only based on pattern but also decrease on volume on weekly basis.

will be good if short position created in range of 2320 to 2340
Stop loss 2420
Target :2020

Observations:
1.Decrease in price for May future contract with increase in OI
2. Decrease in 1Week volume
3.April Call OI is :1,569,300 and PUT IO :950,100
4. In May Contract Call OI :249,600 and PUT OI:67,500

29 Nis 2020

İşlem kapandı: hedefe ulaştı

Partially profit booking can be done or revise stop loss to 2280 now.

5 May 2020

İşlem kapandı: hedefe ulaştı

All target achieved since it broke Diamond pattern it may go more down so now stop loss is 2100 and target is 1920 .will not be surprised if it goes to 1700.