Short Arvind 442-448 with SL 458 for target of 409

Jul 24, 2018

On weekly chart, Arvind forming, reverse pole and flag pattern.
Respect the pattern and Resistance/supply zone..!!!

Jul 27, 2018

Trade active

Jul25: As expected moved up, made high of 436. Green Doji hinted reversal possible from here itself instead of 442-448 range.
Jul26: Made high of 438, and formed red candle, though NIFTY is up!
Jul27: U turn at the top. Reached 421.
Expecting 416 and 409. Book profits on your comfort.!

Jul 30, 2018

Trade closed: target reached

Trade closed at 416, low made 415.4