LUPIN - Resistance at Channel Upper line

Its been observed that Lupin is showing channel resistance at 1510-1525. Looking at the trend, it a sell on @ 1500 (Little bounce back). This might go down. Reward: 50 Pts, Risk: 25 Pts

TP - 1450
SL - 1525 (On closing basis).

Commentaire:

Waiting for 1500 to sell. Today's high 1498. Trade not initiated yet.

Transaction en cours:

Sell initiated at 1500. Today's high 1501.1

Transaction en cours:

Trendline is playing its role. Trade active. Its not closed above our SL yesterday and pulled back.

Transaction en cours:

Nice drop. Trade active.

Transaction en cours

Transaction en cours:

17/01 : Trade is active.

Transaction en cours:

19/01: Low made 1470.

Transaction en cours:

20/01: Low made 1455.