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nimbuz90

Symmetrical Triangle formation in process

Long
GODREJ INDUSTRIES (NSE:GODREJIND)  
nimbuz90 Updated   
NSE:GODREJIND   GODREJ INDUSTRIES
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
Cmp is 551. If the price retrace to the upward sloping line and gets support, Longs can be initiated at 543-545 area.
SL - 530
T1 - 555
T2 - 565

Purely for study purpose
Thanks

Trade active:
Entered @ 544
Comment:
Price have broken downside of the pattern, but got support and hovering around the entry. SL is still intact. A bull close above 547 will push the prices to the mentioned levels.
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