Symmetrical triangle !!
Updated
After making new ATH in July 21, stock has been consolidating in the range between 180-220 levels, for almost 4 months. Symmetrical triangle pattern has been formed on weekly chart.
Results are yet to be announced in next week.
Now one can consider long position at CMP or any close above upper-trendline on daily CB, with SL 180 on weekly CB for short to medium term target of 240-244 (20-22%) and 280+ (40%) as long term target.
Kindly do your analysis before initiating trade.
Results are yet to be announced in next week.
Now one can consider long position at CMP or any close above upper-trendline on daily CB, with SL 180 on weekly CB for short to medium term target of 240-244 (20-22%) and 280+ (40%) as long term target.
Kindly do your analysis before initiating trade.
Trade closed: stop reached
Typical FnO activity after posting decent results.
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