Akzo Nobel Ltd - Long - Triangle Breakout

Hi Guys,

Please find the analysis for Akzo Nobel Ltd!!!

Script Name: Akzo Nobel India
Trend : Uptrend
EMA: Bullish
ATR Volatility: Down
Time Frame Analysis: Daily
Candlestick Pattern:
Whether any Trend Reversal Pattern? Bearish Engulfing
Candlestick Pattern was support with good volume? No
Chart Pattern:
Flag Pattern / Triangle Pattern
Breakout Happened with good volume? – Yes
Before Breakout Buildup (Consolidation) was happened? Resistance
Retest Happened? Yes
Support: 2167
Resistance: 2311 & 2482
Buy / Sell Price: 2255-2260
SL: 2231
Target: 2480
Risk: 28
Reward: 220
Ratio: 1:7.85
Whether Trade is Favorable or Not? Most Favorable

Regards,
Thenali Views
Disclaimer: Kindly do your own analysis before executing the trade.

Comment:

Buy once the script closes above 2260 in Daily TF