Divergent_trader

NCC | TRIANGLE BREAKOUT

Long
NSE:NCC   NCC LTD
Disclaimer: Please take trades according to your risk appetite & analysis. This chart is by no means intended to be a recommendation

1) After consolidating inside a triangle for the past 5 months, price had broken out on 11th June 2021, with good volumes.
2) Price went back inside the triangle but respected its lower boundaries.
3) On the weekly chart, a morning star structure is seen.
4) Buying above previous swing high of 94, for targets of 108. SL 83
Trade closed: stop reached