Jindal steel SHORT continution
JINDAL STEEL
I selected this stock for shorting. If you followed my last idea (TRADING STRATEGY), i mentioned that select weak stock for shorting.
this is selected on the basis of fundamentals.
Results are visible.
it is going to give one more shorting opportunity.
I classify traders as two types. 1. Conservative (safe play) 2. Dare (risk play)
So conservative players can short the stock after braking short uptrend line (pink one)
Dare players can short near the Resistance line (red line)
What is the logical stoploss?
201.35 on closing basis.
REMEMBER professionals always look at stoploss first.
What is the target?
It all depends on how much market want to give us.
Your humble trader
KIRAN
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follow my profile for new trading ideas (tradingview.com/u/KiranSunku2016/)
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I selected this stock for shorting. If you followed my last idea (TRADING STRATEGY), i mentioned that select weak stock for shorting.
this is selected on the basis of fundamentals.
Results are visible.
it is going to give one more shorting opportunity.
I classify traders as two types. 1. Conservative (safe play) 2. Dare (risk play)
So conservative players can short the stock after braking short uptrend line (pink one)
Dare players can short near the Resistance line (red line)
What is the logical stoploss?
201.35 on closing basis.
REMEMBER professionals always look at stoploss first.
What is the target?
It all depends on how much market want to give us.
Your humble trader
KIRAN
------------------------------------------------------------------------------
follow my profile for new trading ideas (tradingview.com/u/KiranSunku2016/)
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