Tata Power-Doji-Evening Star-Entry:69.5 Stop Loss: 71.5 Target1:64 Target2:55

[M Prem Rajan]

An evening star has formed on 12-Oct-2015 after a steady uptrend with high volume signifying a reversal trend. The entry level is the low of the doji, which is 69.5 and the Stop loss is the high of the doji which is 71.5. The first price target is set as 64 and the second is set  at 55 based on historical price movement.

[Balaji]

Dear Sir,

As per the DOJI pattern conditions, “A DOJI followed by a sideways movement may not be considered”

Please check with Murugan sir and correct me if I am wrong.

[M Prem Rajan]

Stop loss reached on 20-Oct-2015.

[Author]

Posts