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Breakout of an Ascending Triangle Pattern

NOCIL LTD (NSE:NOCIL)  
ssvirdi Updated   
NSE:NOCIL   NOCIL LTD
Fibonacci Chart Patterns Triangle breakout Ascending Triangle chemicalsector chemicalstock NOCIL nocilltd keeponradar
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fibonacci chartpattern triangle breakout ascendingtriangle chemicalsector chemicalstock nocil nocilltd keeponradar
Swing trade setup for 5 to 6%
Today we have a breakout of ascending triangle pattern and the price has entered the resistance zone. The breakout of 240 will open the levels of 255 which is a 6% move.

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Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.

Thanks
Er. Simranjit Singh Virdi
Comment:
Nocil, After making a high of 241, the price is closed at 237. The short-term band of ema's crosses above the long-term band indicates an uptrend. The breakout of 240 will confirm the uptrend.
snapshot

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