Shorting a weak stock !!
What do you mean by a weak stock ?
A weak stock is nothing but a stock that looks very weak as compared to that of the index stock .
I had two reasons for shorting PVR :
1.It's falling continuously since a it touched the levels around 1400.
2.It was behaving just like a weak stock , because when all other stocks were rising higher with the index at that time also PVR was busy coming down and when nifty had some red candles at that time it gave me my second target .
What do you mean by a weak stock ?
A weak stock is nothing but a stock that looks very weak as compared to that of the index stock .
I had two reasons for shorting PVR :
1.It's falling continuously since a it touched the levels around 1400.
2.It was behaving just like a weak stock , because when all other stocks were rising higher with the index at that time also PVR was busy coming down and when nifty had some red candles at that time it gave me my second target .