Falling Trendline Resistance - Short PNB - R R Ratio 1: 3.65

PNB is testing Upper Trendline in a downward channel .
Upper downsloping Trendline may act as resistance.

Short at 77.20 ( cmp )
Stop-Loss 81
Target 63.35

Risk 4.92% & Reward 17.94%
Risk Reward Ratio 1 : 3.65

Trade active
Trade closed manually: Reliance Capital Trailing Stop Triggered.
Entry was 221.60 Stop 225 = Loss 3.40 Rs.

But we Gained 7.25 Full Premium in December expiry.
So Net Gain = 7.25-3.40 = 3.85

We never know the market and how it will move in future, But At least we can manage our trading position in such a way that minimizes our risk when the market turns against us
Trade closed: stop reached: Ignore the Above Comment it was for Reliance Capital Trade.


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