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Ashok leyland is now formed bearish triangle. If it breaks at Rs. 120, this stock can be short. Target price can be set by reducing the height of the triangle is 20 from the entry price, ie targe price has to be Rs. 100 and stop loss has to be nearest peak ie., Rs. 133.
Above strategy will work if it has good volume when it breaks the entry price.
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Hi sir,
There is no witness for five-wave triangle pattern. I hope you can find more accurate 5 wave triangle pattern.