Mcdowell- Moving to fill the gap Short

UNITED SPIRITSNSE

Description

⋅ Jun 21, 2017 5:15 AM

Mcdowell is looking to fill the gap as indicated on chart.
After Making a top on 2500, it retraced back sharply and moving around 38.2% Fib Level
One can go short in stock around 2275 With a Stop loss of latest swing high 2325
with a target of 2125

Comment

⋅ Jun 21, 2017 10:31 AM

Keep strict Stop loss of 2325 on closing base and hold

Comment

⋅ Jun 23, 2017 6:34 AM

Started to slide, Keep stop loss in force and hold

Trade closed: stop reached

⋅ Jun 28, 2017 4:16 PM

MCDOWELL_N

Comments

adlabsin

⋅ Jun 21, 2017 4:39 PM

Stop loss broken, so the long is advisable?

ankit3000

⋅ Jun 21, 2017 4:50 PM

@adlabsin, Stop Loss is on closing base for positional trades

rkher2050

⋅ Jun 21, 2017 6:17 AM

Cant it be termed as flag also and triangle falling wedge.

ankit3000

⋅ Jun 21, 2017 10:32 AM

@rkher2050, Big green bar size is too small to be considered as a flag pole. Still aggressive traders will consider it as a flag.

rkher2050

⋅ Jun 21, 2017 12:55 PM

@ankit3000, ok... i respect your views... will follow.. Lets see.