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nirav5
Jan 5, 2017 1:42 PM

Bearish Butterfly on TechM Short

TECH MAHINDRANSE

Description

Although I am bit late in publishing the post the first target of bearish butterfly has already been achieved near 489 (0.382) in techm.
Going ahead if TechM fails to regain and maintain at 490, then further targets can be 484 -> 478 on downside.

Comment

TechM achieved second target.

Trade closed: target reached

All targets achieved. One can continue the trade with the trailing stop loss.
Comments
bharathi1464
Any view for dlf sir ,my friend short future @125
nirav5
@bharathi1464, I think some resistance can come near 129- 130. Kindly suggest to short with strict SL as reversal is at distance.
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