praveen.bhatiya
Long

Descending Triangle Breakout

NSE:APOLLOTYRE   APOLLO TYRES
Triangle pattern is formed when price crosses from trendline to trendline nearly filling the available space. One should avoid the pattern if there is more white space. This nicely formed pattern has given breakout. Mates can use the setup for their trading. Defensively one can wait for a retest on upper boundary.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
wait for breakout and get ur safe bread..! simple, easy but disciplined...
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praveen.bhatiya sandipan.mch
@sandipan.mch, Right Sir patience and discipline :)
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