Descending Triangle pattern formation on petronet. According to Descending Triangle will break only on one side which is on downside. It should not break on another side (upside) but if does, it will consider as False Breakout. In Descending or Ascending triangle, some of the times false breakout may happen so need to wait until the price to break.
Trade:
Short below - 423.75
Target 1 - 414.75
Target 2 - 406.50
Stop Loss - 430.75
Note : Don't trade until the price to break the triangle.
Trade:
Short below - 423.75
Target 1 - 414.75
Target 2 - 406.50
Stop Loss - 430.75
Note : Don't trade until the price to break the triangle.
Nota
not yet trade active...Dagangan ditutup secara manual
price split happened so not having clear picture on chart. So, closing the chart.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penerbitan berkaitan
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.