Essel Propack : Ascending Triangle pattern

Jul 26, 2020

Essel Propack : On the verge of BO. Ascending Triangle pattern with raising lower trendline. Stock made a 52 W and Life time high last week. Would wait for a strong bullish close beyond 204 with increasing voulmes. Enrty at 204. SL at 185. Target market on the chart. Happy trading.

“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” - Mark Douglas

Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor

Jul 26, 2020

Note

Please note that Essel Propack India standalone and consolidated of global operation results for the quarter ended 30 June 2020 are scheduled on 30/07/2020. Plan trades accordingly.

Jul 30, 2020

Trade active

Trade is active

Jul 31, 2020

Note

A clean break out - made an intraday high of INR 243

Aug 2, 2020

Note

Target achieved: Target given as 50% of widest point on the traingle i.e INR 236. Can book profits here and move the stop to latest high et voilà!! it's a free trade now