PCJEWELLER formed Ascending Triangle in 15mins for NSE:PCJEWELLER by parthi_raju

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PC JEWELLER LIMITE (NSE:PCJEWELLER)

NSE:PCJEWELLER PC JEWELLER LIMITE

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triangle chartpattern ascendingtriangle pcjeweller

Buy @140
S/L 137
Targets are 145, 150, 160

Sell @ 134
S/L 138
Targets are 128, 124, 120

Trade closed manually

It has given some fake breakout on the sell side on Friday..
but it Today it is braked and achieved two targets.

but beware as ascending triangle breakouts mostly work in an uptrend also only those ascending triangle breakouts work well which breakout at 1/2 or 3/4 th of total pattern length.