BHARTIARTL- Symmetrical Triangle Pattern Breakout?
Updated
1. Stock is forming a symmetrical triangle pattern. The Symmetrical triangle is usually a continuation pattern. it represents a pause in the existing trend after which the original trend is resumed.
2. Volume states that the greater the volume, the greater the force behind the. last 10 days volume is increasing, and the delivery percentage is average <50%, which suggests that investors are taking an interest.
3. Stock is trading near a strong support zone and having a 200DEMA support as well.
4. Stock witnessed short-covering, A decrease in open interest, along with an increase in price, mostly indicates a short-covering.
Thank you.
Happy Trading !!!
2. Volume states that the greater the volume, the greater the force behind the. last 10 days volume is increasing, and the delivery percentage is average <50%, which suggests that investors are taking an interest.
3. Stock is trading near a strong support zone and having a 200DEMA support as well.
4. Stock witnessed short-covering, A decrease in open interest, along with an increase in price, mostly indicates a short-covering.
Thank you.
Happy Trading !!!
Trade closed: target reached
Up side target achieved.
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