The ascending triangle patterns implies a good upper momentum in this stock soon with regards to the volume increment. As well as this stock was underperforming for a while but it's back on track. This breakout will result in huge upwards momentum. IDEAL LEVELS for going long is 57.20 with a SL of 52.20 For further guidance and assistance leave a comment below
if the stock opens gap up tomorrow can the script be bought?
hustlecircuit
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@shreeshajn_1986, Good Question.Let me explain it to you in simple cases with regard to your question at focus.
The Answer is yes. Let's talk about "How" ?
CASE-1
See When ever a gap up opens there is a chance that in the afternoon session itself we would see a gap filling ,that is a possibility of pullback.If this happens , best entry will be at pullback.
CASE-2
But there is one more possiblity with Gap up, that is continuos march without a pullback , if this happens ,you have to thoroghly depend upon volume analysis.
CASE-3
Sustains at the above level and gains momentum with consolidation:
If this happens, I will enter at breakout of consolidation.
There are many possiblities. Few of them mentioned above.I hope you got my point.
If you need more info feel free to contact me on Telegram ID- @circuit1222