Saketh_Vaddadi

Descending triangle

Short
NSE:INOXLEISUR   INOX LEISURE LTD
Descending triangle formation.
Faced resistance as per trend line .
Reds on volume chart are significantly more than greens with better volumes indicating selling.
May provide 2 targets if breakout happens.

Target 1 - 254

Target 2 - 225 only if breakout occurs. Please wait for confirmation before breakout else could be trapped in a false breakout.

Note:
1)Only for educational purposes.
2)Please check before following.
Trade closed: target reached: trade closed at target 1 at 254.5 as buyers were showing dominance.
up rise can be seen again.
can continue until the trend line before falling again.

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