Descending Triangle on 15mins chart in Axis Bank

Dear Traders,

Descending Triangle formation on 15mins chart in Axis Bank. Most probably to break the bottom of triangle and 50 EMA staying above the price. It seems bearish .

Sell below 494
Target 488
Points Gain - 6
Trade active
Trade closed: stop reached
Comment: Sorry Trade yet to active... before itself I have mentioned SL hit... sorry..
Trade active: Trade now active with sell side ..
Trade closed: target reached: Target hit successfully..!


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