Important breakdown and what to expect next week? Short

MUTHOOT FINANCE LTDNSE

Description

⋅ Jul 4, 2021 4:25 PM

Dear traders,
There is a decending triangle pattern.
And if there is a breakdown then it will go up to NEXT SUPPORT ZONE.

And with Fibonacci retracement idea we got support by 0.78(1299.35)

Chart Patterns

Comments

dineshsarann

⋅ Jul 5, 2021 8:58 AM

dear traders,
I forget to tell about flag pole breakout pattern.
there are two scenarios-
1.decending triangle pattern- which is followed by a breakdown (↘️) then we play for sale move.
2. flag pole breakout pattern-which is followed by a breakout (↗️) then we play for a buy move