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bullsndbears
Mar 5, 2018 2:05 PM

Dr. Reddy Short

DR REDDYS LABSNSE

Description

Trend can't be confirmed since we have one lower top and we will wait for another lower top to be confirmed. But due to formation of Bearish Engulfing at lower top we would wait for next candle to be red and lower than previous candle and we can go short on the trade.
Trade entries are described in charts

Comment

Target 1 and Target 2 are calculate wrong.
Please find the correct ones
Target 1 = 2142.22
Target 2 = 2076.23

Apologies for wrong calculation
Leave your comments for constructive feedback

Trade closed: target reached

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