Channel Pattern Failed Breakout good RR

٥ فبراير ٢٠١٩

The Stock has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel could not sustain and trading below the upper Channel. One can short the stock with reasonable SL for the target of 1165 which offers good Risk to Reward Trade. How to handle it please refer my earlier post

Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.