Weekly Chart Supply Zone Shorting Opportunity

2022年2月20日

PVR share price has reached weekly supply zone and is showing rejection by forming inverted hammer candle and breaking previous week low. Shorting around 1580-1600 with stoploss of 1690 for targets of 1480, 1380,1300. Hedged shorting strategy using FNO segment with pre-defined risk reward can be planned owing to news based price action.

2022年3月3日

註釋

SL price was reached with gap up opening but the price is continuously falling since opening CMP 1638. So position can be still held with 1690 SL as of now.

2022年3月10日

交易結束：達到停損點