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

Comments

Our trades are reversed on this counter during same period :)
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@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
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dev_trader praveen.bhatiya
@praveen.bhatiya, I appreciate that. I am on learning curve and observing yours too. Thanks !
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