Inverted 3LR Pattern/RSI
Updated
If the risk to reward ratio of 3 suits, one can consider shorting the stock at current level with the SL of recent high for a target of 150.50. Reasons
1. Inverted 3LR pattern
2. RSI coming below from overbought
3. Small risk Trade
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
1. Inverted 3LR pattern
2. RSI coming below from overbought
3. Small risk Trade
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Note
Please ignore the mistake in title and read it as an idea to Short the stock. Thanks to nisarnadaf to bring to my notice.Trade active
Trade closed: target reached
Great stress free trade.
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