L&T Finance | Short Below 128 | Stop-loss 134 | Target 105 |
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Risk/Reward 1:4
It's a broadening top formation. And pretty much like what the textbook describes. Be careful because nice-looking patterns are rarely successful.
If price closes above the upper trendline before breaking 128 then the trading setup becomes invalid.
Trade active
Note
Shorted at 128 and price Made a low 120.50 today. Trailing Stop-loss from 134 to at clost 128. Target is 105Note
Note
Trailing Stop further form 128 to 123, which is a starting point of broadening top. L&T Finance Shorted at 128. Target is 105. CMP 114.50
Note
Trade closed: target reached
Note
Target came quickly because of selling across the glob. 
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.