praveen.bhatiya

Engineers India Roof Pattern Short

Short
NSE:ENGINERSIN   ENGINEERS INDIA
I do understand the concern of shorting a stock in such a bull market however I do prefer to be market neutral to protect myself for unexpected fall. The stock has formed a Roof pattern so could be shorted here or on little higher price with stop loss of 160. One can expect the level of 138 and 125 as target.
Trade active: The pattern is in action as expected continuing the trade with trailing stop loss.