After showing wide movements, Now Britannia is narrowing its range which doesn't suits its nature Target on upper side is at 1340 and downward its near 1260 but as usual, if you wanna play risky then buy at lower lip of mouth of triangle for a 2% move
Trade closed: target reached
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Sorry I wrongly mentioned name as britannia it must be Bataindia only On 11th bata opened gapup so I didn't got fav. price to enter but today, 12 May 2020, when lower extended gave me nice entry at 1295 spot and I booked just now at 1320 spot upper line too converging at same point. **I traded futures as per spot price
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Hit 1390 today Triangular breakouts generally give nice returns with small SL (I already exited)