praveen.bhatiya

TVSMotor PF, Channel, Trendline Engulfing confluence SHORT

Short
NSE:TVSMOTOR   TVS MOTOR CO
Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.
Trade closed: stop reached