Engulfing at PF UML

Nifty & this stock both are in downtrend so traders are naturally looking for shorting trade setup that requires small risk. Today's bearish engulfing at U-ML could be used to short the stock by providing SL of just high of the today. Here we are risking small amount and set the initial profit target of 2 times the risk is being taken. If it works we can continue with trailing stop loss for the target of ML touch.


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.