DMART - Triangle pattern- 60% upside potential
Updated
DMART has formed a triangle pattern and has been in broad range consolidation for few months now. It has given good closing today around 3912.
This closing looks very good for upside, further daily candle close above 3950 level will confirm the upside momentum and breakout of triangle pattern and the trendline resistance.
Targets:4100+, 4600+, 5600+ and 6200+
SL: Daily candle close below 3800.
This closing looks very good for upside, further daily candle close above 3950 level will confirm the upside momentum and breakout of triangle pattern and the trendline resistance.
Targets:4100+, 4600+, 5600+ and 6200+
SL: Daily candle close below 3800.
Trade active
4100 reached, facing resistance now.has more potential once breaks out above 4150 levels.
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