Abhijit_Paul

DABUR - Ascending Triangle Breakout

Long
NSE:DABUR   DABUR INDIA LTD
In the Hourly charts of DABUR , we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350
Trade closed manually: Makes sense to exit this position, as the breakout fizzled out and tested the Apex of the triangle twice with no follow-through buying.

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