How to trade this gap up?????
On 25th July, it made a huge gap up from 480 to 505 and now closed at 516.
Now what to do?
We will waiting for this counters to trade at 520- 525 levels and we will short it with a stop loss of 535.
Now you might be asking "Why to short it?".
As the chart says, this counter is again and again facing huge resistance at 525-530 levels,
the counter tried to cross this level atleast six times, but failed.
Keeping in mind, the risk of shorting is very small and will be taking strict stop loss of 535.........
Will repeat trades if required.
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