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k314
Oct 11, 2018 5:07 AM

DISHTV short setup - (Low risk high reward) Short

DISH TV INDIA LTDNSE

Description

Short DISHTV at CMP (54)

T1: 49
T2: 45.60
T3: 44
T4: 41.50

SL: 58.20

Trade active

Trade active

Squeeze the SL to 57.20

Trade closed: target reached

T1: 49 achieved
Missed T2: 45.60 by 20 paisa after it made a low of 45.80 today. Trail SL to cost

Trade closed: target reached

.
T2: 45.60 achieved

Trade closed: target reached

.
T3: 44 achieved

Trade active

Trail Sl at 47.50

Trade closed: target reached

.
Final target T4: 41.50 achieved

Comment

It was indeed a low risk high reward trade!
Booked 5, 8.40, 10 and 12.50 points profit with just 4.20 points risk
Comments
Lucifer759
bought 55 put at 1.3. still holding.
k314
@Lucifer759, Looks like it has broken the channel support. So it would be safe to squeeze the SL from 58.20 to 57.20

Lucifer759
@trex88, NIce. thanks.
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