Infrastructure Development Finance Company Limited:
There is a sudden bearish breakout which was unexpected and that too with high volumes, intervening my calculations and leading to interpret for a bearish break target - 135. RSI in parallel is showing the weakness of the stock for growth. For now, good opportunity is to go short two lots of Mar future derivative of the stock and wait for squaring the positions at 135. (i.e: 15x2(2000)= Rs. 60,000). [Sl: 160]
target almost reached, but quoted wrong stop loss
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