tRex88

IBREALEST symmetric triangle setup

NSE:IBREALEST   INDIABULLS REAL EST
IBREALEST entry is as follows.
Buy above 245
Short below 201

Targets and SL will updated once trade is active
Comment: IBREALEST took support at triangle bottom yesterday and today.
Comment: IBREALEST found resistance at triangle top today.
Comment: SHORT trade could trigger in the coming trading sessions.
Comment: Redrawing the symmetric triangle

Comment: Symmetric triangle pattern failure
Comment: Weekly chart flag in the formation:

Hi. I bought IBREALST at 245 as per the buy setup call. Plz let me know what will the first target.
+1 Reply
tRex88 rswadi
@rswadi, 270/292/310
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rswadi tRex88
@tRex88, Thank you :)
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tRex88 rswadi
@rswadi, The lower line of the symmetric triangle which I had drawn was proved incorrect by market. But the upper line was acting as a good resistance. I have re-drawn the triangle to fit the price action as seen below. Expecting 270/292/310 in days to come with a SL below 220

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I am always in dilemma when it comes to Wicks(john wick). wicks can be tricky while drawing the trendlines, in the second "redraw' u missed the second wick, else it wud hv fit in nicely.
So i draw it wick to wick and body to body :D
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