Symmetric Triangle on Tata chem
Updated
Symmetric Triangle formation on Tatachem and may break either side but currently seems like to break on downside. MACD also currently on below '0'. Anyway this pattern may break either side so trade only after break out happen.
Trade for Long:
Buy above - 626.50
Target 1 - 635.50
Target 2 - 644.00
Stop Loss - 613.50
Trade for Short:
Short below - 613.50
Target 1 - 603.50
Target 2 - 595.00
Stop Loss - 626.50
Note : Don't enter into trade until the pattern get the breakout.
Trade for Long:
Buy above - 626.50
Target 1 - 635.50
Target 2 - 644.00
Stop Loss - 613.50
Trade for Short:
Short below - 613.50
Target 1 - 603.50
Target 2 - 595.00
Stop Loss - 626.50
Note : Don't enter into trade until the pattern get the breakout.
Trade active
Short InitiatedTrade active
Target 1 - 603.50 achievedTrade closed: target reached
Target 2 - 595 achieved
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