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PEL - Bearish Gartley

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NSE:PEL   PIRAMAL ENTERPRISE
Barish Gartley observed in PEL. Also levels near daily resistance zone.
Wait for a strong terminal candle before entering.
I'll be entering (if there is confirmation candle) with a combination of put options as IV is high.

Views only for educational purposes. Do your risk assessment before entering financial positions.
交易進行:
We are long on 1340 PE and short on 1300 PE (to avoid time decay).
交易進行:
Started profiting around 20% of risk exposure. Partial exit at this point is advised.
交易進行:
Look at today's volumes... Stock already down by 40Rs. from our buy point, and now volumes confirming. Positions can be added on pullbacks.
交易結束:目標達成:
From 1337 to 1277, my target is reached.

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