rishiguy

BRITANNIA triangle converging.

Short
rishiguy Updated   
NSE:BRITANNIA   BRITANNIA INDS
BRITANNIA has been narrowing its movement range between two converging lines and the formation is resembling a triangle pattern . Right now it seems to be facing rejection from the upper line of the pattern. One could go short with the following levels in mind:

SHORT BELOW: 3575
STOP LOSS: 3645
TARGET 1: 3505
TARGET 2: 3435
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Manage your risk and trade your plan. :)
Trade closed: stop reached
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