POONAWALLA : bearish after breaking out of descending triangle
- BREAKOUT from DESCENDING TRIANGLE pattern -
price has recently broken out of descending triangle pattern with strong confirmation ie large red candlestick - REVERSAL from 50D & 100D SMA MULTIPLE times -
price has also reversed from 50D & 100D sma several times over the past few weeks. Also 50D & 100D have come very close to each other while price was taking reversal from them indicating even more strong downward pressure
TARGET -
307.05
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My Social Media links :
📥 Telegram - t.me/Sagar_TradeMaster
📥 Instagram - instagram.com/sagar_trademaster/
📥 Youtube - youtube.com/@TruthfulTrader
📥 Telegram - t.me/Sagar_TradeMaster
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