After seven days of consolidation, Tatachem has come down decisively, cmp is 272.60. The prominent fall confirms a very short term down trend. Although expiry is a big factor for increase in volatility, one can open
a short position for the targets like 268, 261 & might go down to 256 also. For this short trade, a strict Stop Loss of 280 must be maintained on closing basis. A partial profit booking always a preferred idea as volatility might be high due to expiry day. |
| TATACHEM |
Stop Loss is a life saving tool.
No comments:
Post a Comment