Triangle Pattern Breakout and Pull back pattern Seen in DMART

Hello Traders, i have brought another analysis on a pattern breakout which called (Triangle Pattern Breakout and Pull back pattern). Well i have marked and written most of the things on chart, but still i am gonna to teach you here guy's about this pattern so if you see this next time, at least you guy's will be able to trade. So Let's start:-

Q:- What Is the Triangle Continuation Pattern?
Rahul:- The Triangle is a continuation pattern using the concepts of support and resistance and price breakouts. Generally, when prices make significant moves, they go through a period of resting. Usually with a Triangle pattern, the price consolidation period consists of higher lows and lower lows, forming the shape of a “triangle”.

Q:- What Does the Triangle Continuation Pattern Look Like?
Rahul:- Guy's check above the Nifty chart, i have rectified Triangle pattern.

Q:-How to Interpret the Triangle Continuation Pattern?
Rahul:- When the support and resistance lines begin converging, price can burst out of the consolidation area and it is expected that the price action will continue trending in the direction that prices have been moving previously.

Q:- Is Triangle Continuation Breakout Pattern is a Buy Signal?
Rahul:- Yes it gives signal to buy when the resistance line is penetrated to the upside. The signal is generally expected to be stronger if prices have been in an uptrend prior to the upside breakout.

I hope guy's you have learned now about this Bullish Triangle pattern.

Let's Focus on about company:-

Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.

Market Cap
₹ 2,46,882 Cr.
Current Price
₹ 3,796
High / Low
₹ 4,602 / 3,292
Stock P/E
103
Book Value
₹ 248
Dividend Yield
0.00 %
ROCE
20.1 %
ROE
16.0 %
Face Value
₹ 10.0
Debt
₹ 643 Cr.
EPS
₹ 36.9
PEG Ratio
4.21
Promoter holding
74.6 %
Intrinsic Value
₹ 958
Pledged percentage
0.00 %
EVEBITDA
64.7

PROS

Company is almost debt free.
Company has delivered good profit growth of 24.5% CAGR over last 5 years
Company's median sales growth is 33.1% of last 10 years

CONS

Stock is trading at 15.3 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Company has a low return on equity of 12.6% over last 3 years.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.