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.
Trade active: Short Initiated
Trade active: Target 1 - 603.50 achieved
Trade closed: target reached: Target 2 - 595 achieved
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