Thursday 29 September 2011

29 Intra Descending Triangle

Descending Triangle being formed in Nifty between 4900 & 4990
Ready for breakOut !
Triangle broken upside @ 4926  Target 5015. 
 
Sold 4910 SAR pass 4920 -10
Long 4920 SAR pass 4914 -6
Short 4914 Exit @ 4917 -3
Long 4926 
Booked 50% @ 4960. +34
Remaining 50% Booked @ 4975. +49
Net  -10-6-3+41= +22 Points
 
Triangle broken upside,Triangle Target 5015 also reached.

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