The stock has been trading in a broad bear channel for the past couple of months. A symmetrical triangle breakout is observed on the downside which is also happening at the upper channel resistance line. Hence expecting the prices to fall till 820. CMP is around 870. Shorts can be initiated on rise @ 875-880 levels. If it fails to move up, then we could short below 860.
Entry - Sell on rise @ 875-880 levels or below 860 SL - 910 T1 - 850 T2 - 840 T3 - 830 T4 - 820
For study purpose Thanks
Trade ativo
⋅
Entered @ 870
Comentário
⋅
Revised target 1 as 860 and took some profits here