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Tell me why you will not risk shorting UB Engg (509992) if SlowD is extremely oversold, MACD is peaking, and the stock is taking a breather. You can limit your losses by setting a tight stop at 154/155. But your price objectives are 142, 130 and 125.70 if UB Engg retraces.
Don't get me wrong here. We are still bullish on Ub Engg's prospects because of the upside penetration of the ascending triangle. I've just identified a possible trade for the return move.
-Sanjeet Parab
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