Rectangle Channel Breakout !

praveen.bhatiya Updated   
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.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.