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NeeteshJain
14. Sept. 2016 07:47

TVS Motor at Shorting Levels  Short

TVS MOTOR CONSE

Beschreibung

The price action just filled the previous gap down space and now indicating weakness due to long upper wick. The last candlestick that had long upper wick also known as Gravestone Doji, a trend reversal pattern, that suggests rejection of higher prices. It is wise to short at current levels with stoploss.

Target 1: 309

Target 2: 301

Stoploss: 332

Trade ist aktiv

Increase positions, it shall reach to 309 levels in 2-3 days.
Kommentare
leewongavatar
Since market is reversed, Should I hold this position?
NeeteshJain
Yes, just maintain the stoploss and continue holding it to achieve target 1
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