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The Nifty has broken down from the symmetrical triangular pattern, which is a bearish reversal pattern

NIFTY: SELL | TGT: 11,850 | SL: 12,150

Nifty closed deep in the negative territory on Monday with a clear sell crossover in its momentum indicator MACD. The index has broken down from the symmetrical triangular pattern, which is a bearish reversal pattern. The next support is at 11,850, hence that is the target whereas the resistance on the upside is at 12,150, hence, that is the stop loss.

DLF: SELL | TGT: Rs 203 | SL: Rs 230.10

The stock has broken down from the expanding triangular pattern, which is a bearish reversal pattern. The daily as well as weekly momentum indicator