If tomorrow SAIL goes below 130, or it retest 132 range and fail to give breakout, then you can short it from 132 or from 130. Target can be set up to 126.50. Stop loss would be above 132.80 if you short nearby 132 / If you short nearby 130 then stop loss would be 132.20 .
Risk to reward is 1:1 or 1:1.5. Do your position sizing correctly. You can expect to get...
SUN TV has given much awaited break down on Daily as Weekly Chart. we may see some free fall in the stock from CMP, Fundamentals of the company looks very poor.
Just a view. Do you R&D before taking any trade.
target - 557 - 551
stop loss at 613
New on Trading View
I was looking for a harmonic pattern completion (on the downside) before getting involved in this stock. But the stock changed my bias by breaking above a falling trend line (red) and the cup and handle pattern neckline.
For getting into this trade, the risk could be (traditional) low of the handle (162) or the more aggressive 170...