BPCL-Bearish Piercing-SHORT

[Srinivas gupta]

• Stock:BPCL(Bharat petroleum corporation Ltd)
• Bearish piercing
• Short this stock.useful for weekly traders.
• Not as much of volume existed.

TRADE PLAN

• Entry(short position at):334.8
• Stoploss:346.7
• Target:322.9
• Profit expected:11.9

 

[EQSIS]

Here the Tail are big and This stock triggered stoploss. This particular trade would have considered as Loss making (expenses)

[Srinivas gupta]

Before reaching the stoploss it has triggered the target.The tails in the image seems big I have drawn the lines to upper tail and lower tail and the target also seem reached.Is there any mistake in the trade plan or pattern recognition.

[Ajai Kamath]

Good work @srinivasgupta. Two suggestions for a better trade:
1) Volume on Day 2 should be significant to trade
2) Entry must be below 331 (low of both green and red candles)

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