GMR infra gave breakdown from the Symmetric Triangle today with good volumes in 5 min break down bar and continued further till end of day. Short triggered at Rs.139 and closed the trade at Rs136, total 2% profit for intraday
Will take trade tomorrow again depending on the situation, target for this pattern is not yet reached which is at 127 levels. Caution1 on hourly charts volumes are not big at the breakdown also as I have mentioned in previous post volume pattern is not consolidating. Caution2 from present levels there is little chance of forming bullish ABCD is also there.
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