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raj3elite
Jun 22, 2017 5:57 PM

Symmetric Triangle on Tata chem 

TATA CHEMICALSNSE

Description

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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