CHOLAFIN:- SYMMETRICAL TRIANGLE PATTERN Long

CHOLAMANDALAM INVNSE

Description

⋅ Sep 27, 2020 2:43 PM

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

Vish2020

⋅ Sep 29, 2020 4:02 AM

thanks nirmal. What is the time range in which you have drawn the triangle patteran. beginner so trying to understand

noobieYETpro

⋅ Sep 29, 2020 4:23 AM

@Vish2020, Daily brah

noobieYETpro

⋅ Sep 29, 2020 4:23 AM

My MA indicator shows ema 13 & 26?

jcyash

⋅ Sep 28, 2020 3:43 PM

Thanks For that! ;)

pradumnasaraf

⋅ Sep 28, 2020 1:20 PM

@Nirmal_2087 Nice Pick & Analysis.

raihan786mdali

⋅ Sep 27, 2020 5:21 PM

Want to learn Triangle pattern

raihan786mdali

⋅ Sep 27, 2020 5:19 PM

How to understand breakout real or false?

harshbhobe

⋅ Sep 28, 2020 6:32 PM

@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.

raihan786mdali

⋅ Sep 29, 2020 1:44 PM

@harshbhobe, thank u sir

Trader_Nirmal

⋅ Sep 29, 2020 2:46 PM

@raihan786mdali, It should breakout with huge volume and closing should be higher.