All plotted & Mentioned on Chart.
Risk Reward Ratio: 0.55 (In respect of TGT #1)
Trade as per Specified level.
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Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Planning to short the stock after evening star bearish reversal (Day chart)
%William also showing downtrend from overbought situation..
Sell at trigger line - 223 with aim to book profit (buy) at 211 or below if there appears to be more downtrend
SL in the chart
Trade at your own risk :)
The stock has formed a good pole and flag part with decreasing volume : showing the accumulation happened and gave breakout yesterday with good volume. All this make it a perfect Flag(Pennant) pattern to take advantage of. Entry best possible rate, Stop Loss 228, Target 255.
