Technical Short Strategy

Technical Short Strategy 1) When you want to go short on stock for short term you need to check for following points before going long. 2) RSI is very important - 1 hour, 2 hour and 3 hour all RSI below 40 3) Breakdown on Candle stick chart pattern is required (may be 1 hour, 2 hour or 3 hour) 4) Price action on positive side - Stock on radar

5) Volume action shall be good 6) Stock should be below 50 SMA (Either on 1 hour, 2 hour or 3 hour candle stick chart) 7) Stay with sector which is not doing well (Right Auto) 8) Your trade will give good results if Nifty bias for the week is negative). This you can check by checking Sentiments for the week/Nifty Trend) 9) Strick Stop loss you need to follow - Risk reward minimum 1:2 and preferably 1:3 Thank you, Technofunda24