Nifty Breaks Down from Ascending Triangle (Sell)
Today's price action breaks down Nifty from the continuation Ascending Triangle Pattern. Now the price movement shall continue the downward rally to price levels of 8570 and 8535. It is important to note that 8520 is a crucial support in order to maintain the upward rally. Anything below will be taken as trend reversal.
Target 1: 8570
Target 2: 8535
Stoploss: 8700
Target 1: 8570
Target 2: 8535
Stoploss: 8700
Trade closed: target reached
Target 1 Reached, Book Partial Profits and keep a stop loss at 8670 to target 2Trade closed: target reached
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