Hind Zinc Short Setup

17 dic 2016

HINDZINC

RSI Making lower lows, Momentum does not
agree with price.

soon we can sharp move downside.
avoid buy at 52week high levels

Sell Range - Rs282 to Rs287
Stop Loss - Rs296
Target 1 - Rs255
Target 2 - Rs240

Strategy will be to go for PE options (safe side buy Jan Puts rather than Dec Puts)
Futures sellers strict stoploss.

23 dic 2016

Trade chiuso manualmente

23 dic 2016

Nota

near support so closed it... wait for pullback to short again..