Its been observed that Lupin is showing channel resistance at 1510-1525. Looking at the trend, it a sell on @ 1500 (Little bounce back). This might go down. Reward: 50 Pts, Risk: 25 Pts
TP - 1450 SL - 1525 (On closing basis).
Comment
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Waiting for 1500 to sell. Today's high 1498. Trade not initiated yet.
Trade active
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Sell initiated at 1500. Today's high 1501.1
Trade active
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Trendline is playing its role. Trade active. Its not closed above our SL yesterday and pulled back.