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Cairn

Discussion in 'Technical Analysis' started by verenmitter2001, Feb 28, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    How about this stock for shorting with sl of 312

    Regards
    Veren
     
    verenmitter2001, Feb 28, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No the SL of 312 is not ideal and ideally it is 345.
     
    shabbir, Mar 1, 2013
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  3. verenmitter2001

    verenmitter2001 Member

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    But is it a good script for shorting???

    regards
    Veren
     
    verenmitter2001, Mar 1, 2013
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  4. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Target should not be decided as next available support??
    As in this stock the support is at 284.
    What do you advise.

    Regards
    veren
     
    verenmitter2001, Mar 1, 2013
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  5. shabbir

    shabbir Administrator Staff Member

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    Any stocks cracking major support is good for shorting

    But your targets at that levels can be too much and so you can have multiple targets in between to book profits which is better strategy.
     
    shabbir, Mar 1, 2013
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  6. verenmitter2001

    verenmitter2001 Member

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    So do you agree that this stock has cracked its major support and can be played upon...

    Regards
    veren
     
    verenmitter2001, Mar 1, 2013
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  7. shabbir

    shabbir Administrator Staff Member

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    Yes.
     
    shabbir, Mar 1, 2013
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