Deepak Nitrite Descending Triangle Breakout

DEEPAKNTR has formed a descending triangle channel in 1 hour time frame over the last few days.
Theoretically a descending triangle breaks out downwards.

The price is currently hovering just above the lower side support of the triangle pattern suggesting a breakdown.

Look for SHORTING opportunities after confirmation of breakout in intraday BELOW 480 levels.

TARGET is suggested @ 461

NOTE: Trade with confirmation of momentum & volume on lower timeframes, BEWARE of a fake breakout.

Komentarz:

Day's low @480.80

Anulowano zlecenie:

480 levels not breached. No shorting opportunities.

Zlecenie aktywne:

Watch for breakout.

Zlecenie zamknięto ręcznie:

Although price reached target levels after 480 level was broken, it wasn't achieved intraday as planned.