4. Breakdown Stock: #IGL
Timeframe: 1 Week
Entry Range: 442
TGT: 418 or near the Trendline
SL: 465
As you can see this stock is on the selling side, you cannot hold the stock overnight for cash positions. But you can plan your trades in multiple ways:
1. Intraday Short Selling below B/D level
2. Sell Futures
3. Buy Put ATM
4. Sell Call Options. For Hedging purpose: For eg, If you wanna sell below 452, Sell 450 CE and Buy 455 CE.
