TradingView
NeeteshJain
21 Okt 2016 pukul 04.38

Tata Motors - Breaks Out Descending Triangle, Moving Down  Singkat

TATA MOTORS LTD.BSE

Huraian

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

Dagangan ditutup: sasaran tercapai

It was very volatile road, but we made to our targets eventually. Regards
Komen
K-TOS
Right! But the stoploss got in this trade, no?
NeeteshJain
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
Lebih