MRF LTD
Long
Updated

Swing | Descending triangle breakout | BULL

291
hi traders,

There is a swing in daily timeframe.

At the same time frame there is a descending triangle pattern, here this triangle breakout is a trend reversal confirmation.

Overall the trend is BULL in both Weekly and Daily timeframe.

04% - 10% rally towards the target 1 and target 2.

FNO strategy : Go for the ATM CALL option & Protective PUT.

https://sbull.co/s/rdqJd0Ro/

https://sbull.co/s/Dy8MG5Ko/
Note
close to target 1
Trade closed: stop reached
:-(

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