Ascending Triangle Forming : Apollo Hospitals

APOLLOHOSP

Apollo Hospital is forming one of the common Technical patterns in its Chart on a daily time frame.
The technical pattern here we are talking about is Ascending Triangle.

More about Ascending Triangle:

It is formed by two lines converging towards each other, one of the lines will be a trendline heading upward and another line is a horizontal line.
The higher low of Stock forms the Trend line and the Highs of the stock form a Horizontal line.
This provides a great trading plan as it gives you an Entry point, Exit Point, and even the confirmation on taking the trade with the help of volumes.
If the price breaks the horizontal line one can go long on the trade and if it breaks the Trend line then one can go short.