praveen.bhatiya

Ascending and Inverted Scallop !

Long
NSE:GODREJIND   GODREJ INDUSTRIES
I've observed a trade able Ascending and Inverted Scallop pattern in the stock. Trading rules say that one can enter long when it closes above the high of the pattern which is today with the stop loss the Low made during the pattern. Applying the rules : stop loss 395 and target 465 which gives risk to reward only 1 so I am avoiding the entry and keeping it for learning and education purpose.
Comment: So far trade is doing well moving as expected.
Trade closed: target reached: Closed the trade on reaching the target.

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