NeeteshJain

Nifty Breaks Down from Ascending Triangle (Sell)

Short
NSE:NIFTY   Nifty 50 Index
210 views
3
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
Trade closed: target reached: Target 1 Reached, Book Partial Profits and keep a stop loss at 8670 to target 2
Trade closed: target reached