TVSMotor PF, Channel, Trendline Engulfing confluence SHORT

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Channel, Pitchfork and Trend line all are meeting beautifully at a single point. Bearish Engulfing today offers a potential short trade at this juncture. I expect it to move easily for the first target of 360 and even further till 340. Stop Loss 393. Similar Setup in Reliance worked well recently.
Trade geschlossen: Stop wurde erreicht
Engulfing CandleNIFTYParallel ChannelPFpivotTrend LinesTVSMOTOR

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