Trading at the top of the longterm downward trend line from 2011 TATASTEEL form a bearish butterfly at the top of trend line in the last 3 months price action.The stock can be shorted here as Risk reward ratio is very very low.Actually the idea was from Mr.Neteesh Jain who mistakenly quoted it as a long.
Thanks to Mr.Neteesh to Identify a good trade.
Thanks to Mr.Neteesh to Identify a good trade.
Comment:
Trade active:
Trade active with a stop loss of 485-490
Trade closed: stop reached
