AK1808

Symmetrical trianlge

AK1808 Updated   
NSE:APOLLOTYRE   APOLLO TYRES
Stock has formed Symmetrical triangle pattern on weekly chart. One can keep in watch-list and trade accordingly after any breakout/breakdown. Hoping for breakout.
Trade active:
Stock has given breakout. Now sustaining above the slope trend-line, stock can move upto 240-260 levels in coming days, weeks. SL can be considered as closing below the slope trend-line on weekly CB, around 227-226 levels.
Trade closed: target reached:
T1 reached...as mentioned earlier, unless SL sustains, ride the trend.
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