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k314
1. Nov. 2017 14:33

IBREALEST symmetric triangle setup 

INDIABULLS REAL ESTNSE

Beschreibung

IBREALEST entry is as follows.
Buy above 245
Short below 201

Targets and SL will updated once trade is active

Kommentar

IBREALEST took support at triangle bottom yesterday and today.

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IBREALEST found resistance at triangle top today.

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SHORT trade could trigger in the coming trading sessions.

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Redrawing the symmetric triangle

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Symmetric triangle pattern failure

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Weekly chart flag in the formation:

Kommentare
rswadi
Hi. I bought IBREALST at 245 as per the buy setup call. Plz let me know what will the first target.
k314
@rswadi, 270/292/310
rswadi
@trex88, Thank you :)
k314
@rswadi, The lower line of the symmetric triangle which I had drawn was proved incorrect by market. But the upper line was acting as a good resistance. I have re-drawn the triangle to fit the price action as seen below. Expecting 270/292/310 in days to come with a SL below 220

Einstein15
I am always in dilemma when it comes to Wicks(john wick). wicks can be tricky while drawing the trendlines, in the second "redraw' u missed the second wick, else it wud hv fit in nicely.
So i draw it wick to wick and body to body :D
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