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BEARISH PIERCING CANDLE HAS APPEARED WITH GOOD VOLUME. ITS TIME TO TAKE SHORT POSITION ONLY IF THE PRICE DROPS BELOW THE LOWER TAIL OF THE PIERCING CANDLE.
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Stock Ticker – NSE: COLPAL – Colgate Palmolive (India) Ltd. – CONSUMER GOODS
Bearish Trade plan:
Entry Level 1205 Target 1170 Stoploss 1239
Analyst Rating – :4/5
View Posted on 2019-08-13
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Trade plan triggered.
Good analysis. Thanks for posting.
Welcome Suresh Surulimuthu.
Good analysis, appreciate your contributions.
If you are short selling the stock, are you expecting the target to reach within a day.
Since we are expected to closed the short positions on equities within the trading day.
Thank you Christopher Naveen for your views and appreciation. Yes you are right the short position should be covered on the same day. Actually I am new to the market, I was doing the transaction for the past one month only that too I am taking only long positions. So I was not that much familiar with short positions. I hope some seniors may help us in this.