NeeteshJain

Nifty Breaks out Descending Triangle

Short
NeeteshJain Pro+ Updated   
NSE:NIFTY   Nifty 50 Index
It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels.

Target: 8000
Stoploss: 8150
Risk Reward: 1:1
Trade active: Markets marching towards 8000 support levels. Regards
Trade active
Trade closed: target reached: Target reached successfully, Regards
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