CHEMFAB - LOOKS GOOD

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There is a positive development as the price breaks above the upper trendline before the triangle reaches its apex. This breakout is accompanied by a noticeable increase in trading volume, which serves as confirmation of the bullish nature of this pattern. It suggests a reversal of the prior downtrend and indicates a potential upward movement in the price.

In summary, the price has shown signs of reaching a bottom and is now displaying a bullish reversal pattern known as a Bottom Triangle. The breakout above the upper trendline, accompanied by increased volume, suggests a potential upward trend in the market.

Conclusion:
The price is in bullish Trend.

Note for everyone who came across this reference:
  1. This chart analysis is only for reference purpose.
  2. This is not buying or selling recommendations.
  3. I am not SEBI registered.
  4. Please consult your financial advisor before taking any trade.
Trade closed: target reached
Target Reached!!
Double Top or BottomTriangle

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