Symmetric Triangle in PFC

Jun 20, 2021

Notes:

• The stock has been in a symmetric triangle ever since its listing in 2007.
  
• Possible trading ideas are
  1) Wait for a breakout and trade in cash (long if candle closes above 137.5, short if it closes below 70.5)
  2) Intra-formation trades, derivatives or cash (Go short, scrip bounces off the top trendline and long if it bounces off the bottom trendline.)
  

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

Jun 20, 2021

Note

Also possible inverted head and shoulder pattern.