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praveen.bhatiya
May 14, 2018 4:24 AM

Rectangle Channel Breakout ! Short

RELIANCE INFRASTRUNSE

Description

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