Parallel Channel /Bearish Engulfing ShortPrice has formed a down sloping Channel which one can trade at the boundaries or on breakout. Currently it is at the upper trend line and engulfed the previous bar, showing the weakness so one can short the stock as the details given below
Entry : 982
SL : 1022
Target : 910
RR Ratio : 1.80
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
