Reasons for Short and Setup:
1) Huge Bearish candle (on Daily) on Thursday and Gravestone Doji on Friday indicate trend continuation.
2) Trading below 20 and 50 EMAs.
Setup:
Entry: Can enter below 200.00 after breakdown with volume. Ideal entry 198.50
Stop Loss: Can keep at 204.00 - 204.50
Target: Can lookout for 190-189 depending on selling pressure. Adjust target accordingly.
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