Breakdown of Parallel channel in COFORGE for NSE:COFORGE by TradZoo

parallelchannel trendanalysis indicator swingtrading priceactionanalysis short coforge

COFORGE shown breakout of the parallel channel in the last trading session. Also, its indicating breakdown of the lower band of Bollinger bands . Overall strong downside possible after this pattern.

Possible Trade:
Sell COFORGE Below 2399
Stop-loss 2445
Target 2334 2287 2210-

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