SHORT SUNTV AT 590 WITH SL OF 600 WITH A TARGET OF 520

There is confluence of

1) Price action
2) Channel
3) Inverted Hammer

Hope this time Suntv will oblige me !!!

Note

take risk of 10 to 15 points.....

When you play it too safe, you’re taking the biggest risk of your life.

Time is the only wealth we’re given.

Trade closed: stop reached

SL is hit

So exited with 10 point stop loss

Sorry if you any one is hurt by 10 point stop loss

Note

just for the sake of update

Trend is down - Hence i was looking for setups to short

I guess this explains the above setup

MAYA_MUMBAI

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MAYA_MUMBAI