praveen.bhatiya

PFC SHORT - Bearish Doji Star at cruicial Junction

Short
NSE:PFC   POWER FINANCE CORP
167 views
7
Today's Doji Star Candle at the classical Right-Angled and Descending Broadening chart pattern suggests a short. I observe many charts and patterns but consider for trading only where stop loss is affordable to me, specially after the revised Lot Size. PFC seems good with small stop loss just little above the high made today on closing basis. One can expect to ride the swing till the other end.
Another method to trade this pattern is to enter at 3rd touch for example going long on 16.12.17.

Comments

Thanks for Idea Praveen Sir. It would be nice to see some bounce and short can be initiated at 139 (If by any chance if jumps).
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@dev_trader, Please don't address with Sir we are the follower of same path. Wishing You all the best.
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dev_trader praveen.bhatiya
@praveen.bhatiya, Thanks !
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