praveen.bhatiya

Descending Triangle Breakout

Long
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.

Comments

wait for breakout and get ur safe bread..! simple, easy but disciplined...
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@capsule91, Right Sir patience and discipline :)
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