praveen.bhatiya

Pitchfork Short at UML

Short
NSE:HAVELLS   HAVELLS INDIA
Pitchfork is catching the frequencies of price movement. It has retested the Upper Median Line and engulf the previous bar. It looks a good setup to short the stock for a target of 512.50. RSI is also confirming the shorting.

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active: Shorted Fut at 555.

Comments

What is the SL?
Reply
praveen.bhatiya fromkolkata
@fromkolkata, I will keep it tight 565 on closing. Fingers crossed.
Reply
fromkolkata praveen.bhatiya
@praveen.bhatiya, Thanks. Let us see?
Reply
praveen.bhatiya fromkolkata
@fromkolkata, Are we on the same boat?
Reply
fromkolkata praveen.bhatiya
@praveen.bhatiya, Yup for sometime. Squared off @ 549 in Fut Shorted @ 560. Good trade.
Are you still holding position?
Reply
praveen.bhatiya fromkolkata
@fromkolkata, Glad to hear about your profit. I am holding the position.
Reply
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