nimbuz90
Short

Pennant formation on Ujjivan

NSE:UJJIVAN   UJJIVAN FIN SERV
The stock has formed a pennant pattern with high volume data. We could either look to short below 339 or sell on rise @ 345 zone.
Expecting a breakdown move of 15 - 20 points on the downside.

Entry - Below 339 or sell on rise @ 345 based on further price action.
SL - 350
T1 - 330
T2 - 325
T3 - 320

Purely for study purpose
Thanks.
Trade active: Entered @ 344
Comment: Revising my Target 1 as 334
Comment: Target 1 done
Comment: Exited my remaining position @ entry price

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