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BHEL – Bearish – Entry – 255 – SL – 263
Will take this case as an example to show that even trend will go unanticipated, after found Doji its still moving uptrend
After 3 days only the entry was taken place, but still its the achieved the target
Trade plan
Symbol: BHEL
Direction: Short
Entry Level: 255
Stop Loss: 263
Target: 239
DEAR SIR /MADAM
DOJI being a single day reversal pattern requires confirmation on the next day
IN the chart there is no confirmation and moreover the STOP LOSS point is reached on the next day it self
Hence we cannot rely on the pattern
NO DOUBT after the pattern some time the scrip will not move as per our analysis/expectation
but here the conditions for the reliability of the pattern itself are absent hence we can not make any decision about the DOJI
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