TradingView
praveen.bhatiya
Feb 22, 2017 2:54 PM

PFC SHORT - Bearish Doji Star at cruicial Junction Short

POWER FINANCE CORPNSE

Description

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
dev_trader
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).
praveen.bhatiya
@dev_trader, Please don't address with Sir we are the follower of same path. Wishing You all the best.
dev_trader
@Praveen.bhatiya, Thanks !
More