AMBUJACEM short trade with multiple confirmations

AMBUJACEM has formed an inverted hammer a rejection candle in the supply zone and at trendline resistance. The next candle has closed below the inverted hammer candle thereby triggering a confirmation for short side trade. A short side trade with risk defined hedged fno strategy can be a good idea. A close above 380 will invalidate the idea. Possible targets on the downside 334,324,314. Closing price on 19th April 2022 is 354.25

Trade fermée: ordre d’arrêt atteint