Descending Triangle Pattern Strategy with Bullish Expectation
Here, there is a formation of descending triangle chart pattern in the financially strong stock "Tatamotors"
Entry And Exit :
1. When the market breaks out of the trendline of the given descending triangle chart pattern, that is signal to enter the market.
2. Once you enter the stock, put a stop loss order at the nearest support as you can see in the chart.
3. When there is a signal of the formation of resistance, then you can book your profit at the swing point.
4. Wait the market for the formation of pullback and make sure you see a signal to continue the trend.
5. When there is an impulsive move and if the market breaks the resistance out, then you can Enter the market by applying a proper stop loss and you can book your profit at the next swing high (resistance)
Entry And Exit :
1. When the market breaks out of the trendline of the given descending triangle chart pattern, that is signal to enter the market.
2. Once you enter the stock, put a stop loss order at the nearest support as you can see in the chart.
3. When there is a signal of the formation of resistance, then you can book your profit at the swing point.
4. Wait the market for the formation of pullback and make sure you see a signal to continue the trend.
5. When there is an impulsive move and if the market breaks the resistance out, then you can Enter the market by applying a proper stop loss and you can book your profit at the next swing high (resistance)
Trade closed: target reached