JawwadTrades

Ascending Triangle Pattern Formed

NSE:DMART   AVENUE SUPERMARTS
D MART is On Verge Of Breakout, We Can See Some Upmove In Upcoming Time. Although Ascending Triangle is Bilateral Pattern it Can Give Breakout From Downside or From Upside, So we Need to Be Ready With our Target and Stoploss From Both Side. Also the Support is On 0.5 Fibonacci Retracement .
Comment: I told you all that it can give breakout from both possible directions,, It have Given Breakout from Downside Direction My target is of rs.3030
Comment: stock is trying to break the 3050 lvl, as there is 0.618 retracement support and stock can reverse the position from there.
Trade closed: target reached