Tata Motors - Breaks Out Descending Triangle, Moving Down

It is been observed that the price action forms a descending triangle on hourly chart, forming lower highs. Now the price action breaks out from the triangle, indicating weakness ahead.

Target: 532
Stoploss: 552
Trade closed: target reached: It was very volatile road, but we made to our targets eventually. Regards


Right! But the stoploss got in this trade, no?
+1 Reply
Yes, you're right, the stoploss was given as per the pattern and it did invalided the pattern. After that it still showed weakness and continued down trend. I appreciate your observations, Regards
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out