Asian Paints - Bearish Deep Crab

Asian Paints entering PRZ for bearish deep crab. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post getting a strong bearish candle in daily chart.
Particulars of trade:
CMP = 2213
Target 1 = 1945
Stop Loss = 2317
R:R = 2:1
Views only for educational purposes, assess your risk and enter any financial positions.
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From 2213 to 2160 already... Share, learn, EARN and donate!