Selling sentiment to continue after short covering in Ambuja
As we can see that prices are trading in lower channel and after short covering now prices is likely to take resistance of higher band again. Prices can be short with strict stop loss of higher band on closing basis and one should wait for the target of 215, breaking and sustaining below the same might trade lower to touch lower band to continue the channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.