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 !!!

Comment:

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

Comment:

just for the sake of update

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

I guess this explains the above setup