TradingView
varun_devadiga
Aug 5, 2022 6:57 AM

Symmetric triangle formation IPCALAB? 

NSE:IPCALAB1D
IPCA LABORATORIESNSE

Description

⋅
Symmetric Triangle pattern Formation in IPCA LABORATORIES Daily Chart

Wait for proper Breakout or Breakdown.

As of now dry volume, No clear indication of stock direction.

Will update, once the breakout or breakdown confirmed.

This is just a view, not a recommendation to trade. Do your own analyses before taking any trade.

NSE:IPCALAB
Chart PatternsTriangleTrend AnalysisipcalabsdaychartSymmetrical Trianglebreakoutbreakdownvolumes
Comments
sayhi2hema
⋅
it also formed cup and handle, am I right? iam a learner
varun_devadiga
⋅
If you consider from 23rd May 2022 chart, then yeah there was a cup and handle pattern. 1006-1028 was a strong supply zone, stock fail to break and sustain above that level, Aug earing also not that much good that's why we saw breakdown of major support line, bullish rally was arrested and presently stock is in downtrend@sayhi2hema,
More