praveen.bhatiya
Short

Rectangle Channel Breakout !

NSE:RELINFRA   RELIANCE INFRASTRU
Nicely formed Rectangle Channel gave breakout today and trading below the lower Trend line . One can short the stock by providing the SL of High of today and expect the target around 360. It may be a good RR trade.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Trade active
Trade closed manually: Seeing the price action today closed the trade with small profit. It was in good profit earlier but short of target.

Comments

What's your view on Jaypee Infra?
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@bhura869, Sorry, I track the stocks with good volume only.
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Fibonacci_Club praveen.bhatiya
@praveen.bhatiya, Nice sir...
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praveen.bhatiya Fibonacci_Club
@Fibonacci_Club, Thanks :)
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