ASIANPAINT Bearish below 867, SL 922.5, Target 811.5

[bhavani]

Bearish engulfing has been spotted in ASIANPAINT with a good increase in volume during and after engulfing is noticed.

Trade plan:

Short entry – 867, SL – 922.5, Target- 811.5

[gorantla.vinod]

Hi Bhavani,

As per your plan, Both Reward and risk are same.

it is better to have reward more than risk

[bhavani]

Hi sir, usually i plan my trade with risk = reward. In the live market if it seems to work better then i go for target 2 options where my reward will be little more than risk. It depends on the market always.

Thanks.

[Author]

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