breakout from a triangle pattern with decent volume

✅Jagran is showing a breakout from a triangle pattern with decent volume. This breakout suggests a potential continuation of the current uptrend.

✅The Relative Strength Index (RSI), a momentum indicator, has also broken out, indicating strong momentum behind the stock's move.

✅After breaking a previous resistance level, the stock consolidated for 7 months, forming a base before another potential rally. This consolidation phase is a positive sign as it indicates that the stock has built a strong base for its next move higher.

✅In the second chart, the stock has also given a breakout from a rectangle or box pattern, providing further confirmation of the bullish trend.

Join our community in telegram for real time updates ---


A simple trader, distancing from the fake crowd. Simplifying complexity, I prioritize genuine insights over trends.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.