Nifty Breaks out Descending Triangle

It is been observed on the hourly chart that the price action firstly consolidated in a descending triangle and Yesterday it breaks out and closes below the triangle indicated further bearishness in the price action ahead. Now, it shall move to 8000 support levels.

Target: 8000
Stoploss: 8150
Risk Reward: 1:1

Trade attivo:

Markets marching towards 8000 support levels. Regards

Trade attivo

Trade chiuso: obiettivo raggiunto:

Target reached successfully, Regards