Symmetrical traingle has been in formation for some months . But it failed to breakout upside. Instead it brokedown and it has a bear closing on today's daily candle. Cmp is around 378.
1st setup : Short trade ( Intraday ) Depending on tmr's opening, trade can initiated at two levels. a - 382 to 384 level on retracement. b - Below 378 on bearish candle confirmation. SL - 386 for both. T1 - 367 T2 - 365
2nd setup : Long trade ( Positional ) If the price reaches 365 level and gets support , then entry can be made based on bullish candle at the said level. Else wait for the prices to give a clear make or break signal and proceed further.
My own personal view and is purely for education. Thanks.