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Market-Thalaivaa
Jun 2, 2020 12:39 PM

Bearish Butterfly - DLF Education

DLF LTDNSE

Description

Bearish butterfly with PRZ marked in chart.
Trade to be entered only if a strong signal bar is seen AND RSI divergence is seen.
Target = 38% retracement of CD.

** Study only for educational purposes, do your own risk assessment before entering the trade **

Trade active

Timing of entry at around 10 AM was good today. Booked partial profits today, leaving other half with trailing SL.

Trade active

Target - 148 (38% retracement of CD roughly)

Trade closed: target reached

My trade exited. Stock might still go down, but my target has been achieved.
Comments
BenQ_J
nice
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