JSWSTEEL has given a close at 1094.40. From the mid
of September, 2014, this stock is going down. Still the trend has no sign of
recovering. In fact, today this stock has given a clear break down which can be
clearly seen in the chart given below. Please have a look at it. Please note that
this recommendation is for
very short term time period. As per our break out / break down trading
policy, one can initiate a short trade in this stock for the modest targets of
1063 and 1029. A strict and closing basis Stop Loss must be maintained at 1130.
Those who are not comfortable with F&O trading, please avoid to trade at
all in this stock as short selling in intraday might prove a dangerous trade
for you. This short trade is only for professional trade who can digest the
volatility, profit and loss and can manage the trade professionally with Stop
Loss and targets.
No comments:
Post a Comment