Best setup to go short:
1. Stock gives breakout on weekly chart and come to re-test that level.
2. Weekly RSI is below 40.
3. Weekly TSI is traded below ‘0’ line.
4. Stock is traded below 20,50,200 DMA.
5. Risk reward is favourable.
Entry price: 890-900
SL: 925
Target: 800/720
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Disclaimer: I am not SEBI registered. This is my personal view only for educational purpose. I might have this stock in my portfolio. Please do research your own or consult with your financial advisor before investing and trading.
Chartbusters - chart - 10019843