NeeteshJain
Short

Mcleod Short Setup (Symmetrical Triangle Breakout)

BSE:MCLEODRUSS   MCLEOD RUSSEL INDIA LTD.
It is been observed that the price action firstly broke from a symmetrical triangle on daily chart , indicated bearishness in the price action. Now, the price action breaking new support levels and forming lower lows, again indicating further bearishness ahead.

Target: 160
Stoploss: 175

Trade active
Trade closed: target reached: Target reached successfully. Regards
I think 144 is where this fall should stop. what say
+1 Reply
NeeteshJain SunilDhawan
It may achieve that target too once it breaks and closes below 160 levels. Regards
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Can u explain the symmetrical triangle strategy??
Reply
I shall be covering it in the next educational post, which I shall be posting on this coming weekend. Regards
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