Equity-Earningz
Short

Rising Wedge Breakout - As a Continuation Pattern - RR 1 : 3.90

NSE:MGL   MAHANAGAR GAS LTD
MGL sell Below 834.60
Stoploss - 855
Target - 756

Risk - 2.42% & Reward 9.42%
RR Ratio 1 : 3.90


Reversal or Continuation Pattern
Rising Wedge
Prices are moving upward, forming higher highs and higher lows, but the price is confined within two lines which get closer together to create a pattern. This indicates a slowing of momentum and it usually precedes a reversal to the downside. This means that you can look for potential selling opportunities.
Nov 27
Trade active
Dec 05
Trade closed: stop reached
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