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praveen.bhatiya
Jan 25, 2017 4:09 PM

Engineers India Roof Pattern Short Short

ENGINEERS INDIANSE

Description

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.
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