NeeteshJain

Orient Bank - Decsending Triangle Breakout (Upside move ahead)

Long
NSE:ORIENTBANK   None
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
Trade active: Up to 120 levels
Comment: After a surprising fall, it went up to reach targets and above that. Respected Triangle breakout. Regards