Orient Bank - Decsending Triangle Breakout (Upside move ahead)
Updated
It is been observed on the daily chart that the price action breaks above the descending triangle which indicates a big move to upside ahead. It shall take prices up to the next resistance levels of 121. Once it breaks above that then it may rise further up.
Target (1): 121
Target (2): 122
Stoploss: 118
Target (1): 121
Target (2): 122
Stoploss: 118
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Up to 120 levelsNote
After a surprising fall, it went up to reach targets and above that. Respected Triangle breakout. Regards
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