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AK1808
Oct 1, 2021 1:01 PM

Descending triangle Long

ONWARD TECHNONSE

Description

Stock after whopping 100% returns in 3 months (May - July 2021), has consolidated and has formed descending triangle pattern on weekly chart, with 215-220 levels as strong support. Now, one can consider long position with SL 210 on weekly CB for targets of 260 and 280 above with more than 1:2 RR.

Kindly do your analysis before initiating any trades.

Trade closed: target reached

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