INDUS TOWERS LTDLong
triangle pattern trade setup
Updated
industower : cmp 212.95
trade setup :
1. buy up to 208
2. keeping 190 as stop loss on closing basis
3. for targets : 227 / 237 / 253 / 269 / 278 / 307 / 332+
technical setup:
1. triangle pattern formation
2. price trading at good value
3. its in weekly consolidation phase and side ways movement .
4. strong base support formation seen at 192 with multiple bounce back trades
5. strong triangle trend line breakout trade above 227 expected too .
6. volume is dry during selling and consolidation phase .
note :
suited for short term trade
based on volume & technical aspect
trade setup :
1. buy up to 208
2. keeping 190 as stop loss on closing basis
3. for targets : 227 / 237 / 253 / 269 / 278 / 307 / 332+
technical setup:
1. triangle pattern formation
2. price trading at good value
3. its in weekly consolidation phase and side ways movement .
4. strong base support formation seen at 192 with multiple bounce back trades
5. strong triangle trend line breakout trade above 227 expected too .
6. volume is dry during selling and consolidation phase .
note :
suited for short term trade
based on volume & technical aspect
Trade active
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