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Breakdown-Ascending triangle, Short below 267.30-268, Target-225

Kort
ADVANCED ENZYME TE (NSE:ADVENZYMES)  
op_verma  
NSE:ADVENZYMES   ADVANCED ENZYME TE
Chart Patterns Triangle Moving Averages
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chartpattern triangle movingaverage
Advanced Enzyme has given breakdown from ascending triangle . The measured downside is 65 rs . Immediate support is at 267.30-268 rs as it has taken support at that level but is unable to surpass 20 EMA which indicates downside to continue. Watch for 267.30-268 rs level. If it brokes this support it may move down to 225 rs level. (NOTE : It is not an investment/ trading idea. It is just for learning purpose)
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