prakashgp

Short term correction - Short opportunity

Short
NSE:NIITTECH   None
NIITTECH showing signs of weakness by forming descending triangle pattern (lower highs) near major fib extension level
Possible target would be previous fib extension level where it continued uptrend (shown in chart with RR)
Trade active: Broken down from the pattern!! Look at the strong 4 consecutive red candles on daily chart!!
Trade closed: target reached