praveen.bhatiya

Parallel Channel /Bearish Engulfing Short

Short
NSE:MINDTREE   MINDTREE LTD
Price has formed a down sloping Channel which one can trade at the boundaries or on breakout. Currently it is at the upper trend line and engulfed the previous bar, showing the weakness so one can short the stock as the details given below
Entry : 982
SL : 1022
Target : 910
RR Ratio : 1.80
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed: stop reached

Comments

super clean setup..
15 rs down already
Reply
@turtlemove, Thanks :)
Reply
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