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.
Comment:
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.
