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JSW Steel

Discussion in 'Technical Analysis' started by verenmitter2001, Mar 20, 2013.

  1. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Whats your view on this ock for shorting at cmp 640 with tgt of 590 levels with stop loss of 700.

    Regards
    veren
     
    verenmitter2001, Mar 20, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    Nose dive and so short in spike. Spikes like around 20th Feb where after few up days short the day next to first negative closing.
     
    shabbir, Mar 20, 2013
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  3. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    this stock has made a pin bar on friday 22 march.
    I am coreect?
    If yes what is he analysis shabbier.
    Can we still short this stock on first red candle it makes on daily chart or it is risky...

    Regards
    Veren
     
    verenmitter2001, Mar 25, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    I don't think so shorting after the pinbar is advised. Wait for couple of sessions and see if pinbar low is taken out and then may be short again.
     
    shabbir, Mar 25, 2013
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