EQSIS PRO

Bearish Triangle :DRREDDY

A  Triangle is formed by the two converging trend lines during the consolidation period.It is broken downwards with volume.A  five wave corrective pattern (A-B-C-D-E)  formed  triangle shaped structure. It took nearly three months to form the triangle area. The lower low  candle formation on the lower  trend line of triangle marks our entry @2700,SL being @2900 ,accordingly target is @ 2300.From the entry point we could subtract the vertical height and we have achieved that beautiful catch as our reward for this trade. 

 

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