praveen.bhatiya

Parallel Channel /Bearish Engulfing Short

Short
praveen.bhatiya Updated   
NSE:MINDTREE   None
Price has formed a down sloping Channel which one can trade at the boundaries or on breakout. Currently it is at the upper trend line and engulfed the previous bar, showing the weakness so one can short the stock as the details given below
Entry : 982
SL : 1022
Target : 910
RR Ratio : 1.80
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.