Nifty Breaks Down from Ascending Triangle (Sell)

Today's price action breaks down Nifty from the continuation Ascending Triangle Pattern. Now the price movement shall continue the downward rally to price levels of 8570 and 8535. It is important to note that 8520 is a crucial support in order to maintain the upward rally. Anything below will be taken as trend reversal.

Target 1: 8570
Target 2: 8535

Stoploss: 8700

Trade stängt: målet nått:

Target 1 Reached, Book Partial Profits and keep a stop loss at 8670 to target 2

Trade stängt: målet nått