Nirmal_2087

CHOLAFIN:- SYMMETRICAL TRIANGLE PATTERN

Long
NSE:CHOLAFIN   CHOLAMANDALAM INV
Beautiful Symmetrical Triangle pattern shaped up in CHOLAFIN .
Waiting for confirmation of pattern and upside breakout.

Levels mentioned on chart & given targets seems achievable.
Plan your trade accordingly.

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.

"Trade what you see, Not what You Think"

Happy Trading(:)

Comments

thanks nirmal. What is the time range in which you have drawn the triangle patteran. beginner so trying to understand
+5 Reply
@Vish2020, Daily brah
+1 Reply
My MA indicator shows ema 13 & 26?
+2 Reply
Thanks For that! ;)
Reply
@Nirmal_2087 Nice Pick & Analysis.
Reply
Want to learn Triangle pattern
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How to understand breakout real or false?
Reply
harshbhobe raihan786mdali
@raihan786mdali,the volume should increase. Use MACD or stoch RSI for confirmation. also see the sector ,if the sector of which the stock belongs is taking resistance than it may be a false breakout.
Reply
raihan786mdali harshbhobe
@harshbhobe, thank u sir
Reply
Nirmal_2087 raihan786mdali
@raihan786mdali, It should breakout with huge volume and closing should be higher.
Reply
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