vikeshthebugi
Long

Symmetrical triangle pattern on verge of breakout

NSE:BANKNIFTY   NIFTY BANK
Wait for breakout then enter for long
Jun 23
Comment: SL will be 26400
Sep 09
Trade closed: target reached

Comments

I feel sorry for my comments but to form a symmetrical or any kind of triangle one should have at least 2 pivots on both sides. I could not find the second pivot on the upper line. IF the latest bar is the pivot then price should come down to make it a valid pivot and it goes up then this is not valid pattern. To make my point clear I am attaching an example of symmetrical triangle which has still not given any breakout.
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300+ SL?
Reply
Dear Vikesh .... SL will be 26400 if I am not wrong
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@adlabsin, Yes you are right, i wrongly posted 27400
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