praveen.bhatiya

Broadening Top (Megaphone) Pattern Breakout

Long
NSE:INDIGO   INTERGLOBE AVIATIO
The stock has nicely formed Broadening Top (Megaphone) Pattern and gave the breakout today. It has also broken the medium term resistance of 1274. Although it is trading above another resistance of 1330 but still a threat on the onward journey. One can use the setup to go long by providing a SL of 1310 on closing basis.

Disclaimer : All stock recommendations and comments are my personnel view please take financial consultancy for trading decision.
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