Pavan7575

Sell Mcdowells..Tgt Rs 1890..Stop Loss Rs 2240..cmp @ Rs 2140

Short
NSE:MCDOWELL_N   UNITED SPIRITS
56 views
1
Breakdown from Andrew Pitch fork, as well as pennant formation. Sell recommendation.
Comment: Target achieved. Call closed

Comments

Your recommendation is working well: congratulations!
I have learned the PF trading by direct student of Dr. Andrews so wanted to share it for your benefit. He has insisted frequently that drawing a PF is not important but one has to observe carefully the price frequencies on it. To be a valid PF it should have multiple test/retests on Lower Median line (LML) or ML. The stock has 2 touches on the handle before point C but there is no touch on either LML or on ML thereafter(I don't consider opening of 12.09 as valid touch). One should be careful risking the hard earned money on a trade where drawing tool has no/less relevance to price action.
Reply
Pavan7575 praveen.bhatiya
sure sir very valid point. Will keep this in mind going forward.
Reply
Pavanji I am happy to see PF trader. If you like I can give my comments which unfortunately are contrary to this idea.
Reply
Pavan7575 praveen.bhatiya
sure sir....would be happy to see ur view
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out