Triangle breakout on cards - 340 target
Updated
Price gently took support and resistance inside a triangle pattern and breaks the pattern yesterday and reached the resistance. If breaks this levels then it will reach a target of 340 - 350 levels.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
The best entry for this kind of trades are triangle support levels, sometimes the buyers after breakout exhaust and give up so that one who entered at breakout have a chance of stop hit.
Note
As discussed the close was not strong enough and the price got rejected. Now it is about to break. Refer the pic in comment section
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