Small risk 3LR Pattern/PF setup

The stock is in downtrend but it has made a 3LR pattern yesterday. One can use the today's dip to buy the stock for a short term target of 1100 by providing small stop loss of low of yesterday. it offers a good RR ratio of above 3.
Risk 20
Expected reward 65

Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.

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There is no movement so closed the trade at break even price.