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.

Comments

Is trade is active?
+2 Reply
I had seen all your post very nice any books to read to make the calculations please suggest me I am learner I like draw channels and I want to trade confidently.
+1 Reply
@khastocks, i have posted everything in comments in past about books
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Today shorted@131
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please share your views as per the current status of this stock, the stock has taken a U turn in between.
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great analysis ma'am pls share view on JSWSTEEL. thanks
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Do u have telegran channel ?. Pls share the link, if you have it. Thx
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Well done Kinnari.. I hope you target gets acheived .

But do you think it will go down all the way to the end of the channel ?
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@avsrikanth, yeah i am thinking for it.
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