Trade rationale

Trendlines

Stock consolidating in descending triangle pattern, volume shows saucer pattern with long green candle on price chart (hrly) MACD turning from Zero line. Taken trade to capture breakout when Nifty showed recovery from 14350 with strict stop loss of previous low. Imdt target defined by length of base of triangle of 25 pts. Square off half at 245 and carry balance with trailing SL