Great trade! cheers! the pattern formation of evening star good enough for shorting.. but How would you explain ur stop loss of 21 rs for first target of 5 rs... anyway u must have been really confident .. Cheers!
bearishbull1968
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@Parasuram, simple logic break below previous candle is sell and high is sl.
Parasuram
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@bearishbull1968, ok! get it! you are such disciplined trader! The Risk Reward ratio was only not convincing.. may be the targets u gave were conservative.. i understand ur trade now.. Thanks
What is an 'Evening Star'
An evening star is a bearish candlestick pattern consisting of three candles that have demonstrated the following characteristics: the first bar is a large white candlestick located within an uptrend; the middle bar is a small-bodied candle, red or white, that closes above the first white bar; and, the last bar is a large red candle that opens below the middle candle and closes near the center of the first bar's body. This pattern is used by traders as an early indication the uptrend is about to reverse.
jayadeepreddy
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Was confused earlier as Neetesh jains view on the stock was opposite to yours..But any how great observation...