Triangle Bearish Breakout witnessed with Coal India

Checked for the below conditions to confirm bearish triangle:

1. 5 wave corrective pattern (A – B – C – D – E)
2. Duration more than 45 days

3. Considerable volume during breakout day

4. Bottom D is higher than bottom B, top C is lower than top A

Trading Plan:

Entry point: go short below 331

Target: 316

Stop loss: 346