rajesh066060

Essel Propack : Ascending Triangle pattern

Long
NSE:ESSELPACK   None
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
Comment: 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.
Trade active: Trade is active
Comment: A clean break out - made an intraday high of INR 243
Comment: 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