LearnersParadise

DCMSHRIRAM :- A symmetrical Triangle

Long
NSE:DCMSHRIRAM   DCM SHRIRAM LTD
A great symmetrical triangle in the formation and stock is slowly hitting upper end of the triangle. It has already tested the upper band quite a few times.
Volumes near the upper band is also increasing and the consolidation is giving some confidence that this stock can fly high.
A break above 400 levels should push this stock to much higher levels.
Nothing much to add as I have already posted many stocks in same pattern.

You want to be in stock market then you have to learn at any cost. Without learning there will be no earning. You might succeed for a day or two by looking at someone's chart but ask yourself how long will you survive????
It's same like swimming by trusting someone that he will not let you drown. The day he will face the music of market you will be the first one to drown. Choice is yours.


Keep and Eye folks. Cheers and Happy Trading.