Kinnari_Prajapati

Trade-in two-step having great risk vs reward ratio, L_TFH

Short
NSE:L_TFH   L&T FINANCE HOLDIN
  • Expected tail.
  • Falling is always normally 40 minimum while U-turn .
  • This might an excess.
  • The price is currently out of the channel.


Observation:

The tail is a clear sign found while U-turn which is your trade confirmation odd.
Due to the falling wave, we are seeing normally 40 points.
Short 129-133 is the great range because the price is out of the channel.
A negative point for short-seller: Suppose to create an excess, then maximum price move 136 as per previous an excess.

Trade-in two-step having great risk vs reward ratio:
1) trade, Sell at 129
1) next trade should be, Sell at 133

Both trades have the same target as the first 112-109 and the next target is 103.

Best of luck.
Will update daily and 30 minutes chart shortly.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.