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praveen.bhatiya
Jan 16, 2017 7:26 AM

PF and Trendline Short Reliance ! Short

RELIANCE INDSNSE

Description

Andrew's Pitchfork (mod schiff) and trend line having the same slope capturing the price movement beautifully. Big red candle on 04.01.17 and price movement thereafter shows weakness so one can short the stock here with stop loss just above the high made recently. It offers good risk to reward ratio for a target of Median line touch around 1020 which is also a fib .618 level.

Comment

Doing Well continuing with trailing stop loss.

Trade closed: target reached

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