TVSMotor PF, Channel, Trendline Engulfing confluence SHORT

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
Our trades are reversed on this counter during same period :)
@dev_trader, It is beauty of any Predictive art like Technical Analysis to have different views on the same chart, moreover people trade in different Time frames and having varying risk taking capacity. I do like your ideas and watch them regularly. Thanks and regards
dev_trader praveen.bhatiya
@praveen.bhatiya, I appreciate that. I am on learning curve and observing yours too. Thanks !
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out