raj3elite

Symmetric Triangle on Tata chem

NSE:TATACHEM   TATA CHEMICALS
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.
Jun 22
Trade active: Short Initiated
Jun 23
Trade active: Target 1 - 603.50 achieved
Jun 27
Trade closed: target reached: Target 2 - 595 achieved
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