TradingView
koolshanin
Jun 17, 2017 10:52 AM

HDIL DAILY BAT. can it fly ? Short

HOUSING DEVELOPMENNSE

Description

HDIL hourly shows a BAT pattern completion. But by the time we noticed it, its already near the first target. So Risk-reward is not in our favor for the current CMP to enter.

A test of 92.5 should give a good entry.

SL 96.3
TARGET: 88.9/85.01/TSL

ROR analysis for entry at 92.5

Entry 92.5
SL 96.3
Target 1 88.9
Target 2 85.1
Reward min 3.6
Reward max 7.4
risk 3.8
ROR1min 0.9
ROR2max 1.9

ROR Analysis for current cmp:

Entry 91.6
SL 96.3
Target 1 88.9
Target 2 85.1
Reward min 2.7
Reward max 6.5
risk 4.7
ROR1min 0.6
ROR2max 1.4


Disclaimer: All the views shared are for educational purpose and my self improvement purpose from other senior traders. if you find any scrip interesting plz do your own analysis or consult SEBI registered financial advisors before taking trading decision.
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