nimbuz90

Awaiting Descending Triangle breakdown

Short
NSE:CENTURYTEX   CENTURY TEXT & IND
Prices have formed a descending traingle pattern. It is at the verge of breaking down below 1140. Expecting a swing run till 1090 which will act as a support zone .

Entry - below 1140 based on a bearish close.
SL - 1175
T1 - 1110
T2 - 1100
T3 - 1090

For study purpose only.
Thanks.
Trade active: Entered @ 1134
Comment: Made a low of 1118 in futures. Booked out a lot at 1124. Will revise my SL to 1150 on monday based upon the opening.
Trade closed: target reached: Target 1 done and it missed target 2 by just 2 points. Hence trailed SL and it closed my entire position at 1114.

Comments