Market_beat3r

Ascending Triangle in Relaxo Footware

NSE:RELAXO   RELAXO FOOTWEARS
-Beautiful Ascending Triangle formation in Relaxo Footwears.
-MACD turning bullish .
-Volume action not looking great, so I'll wait for a break on high volume before going long.

Not an investment advice. Do your own due diligence.
Trade closed: target reached: Turned out pretty well.

Comments

yes surely ,better will be to but when it comes back to the breakout point after breaking out.
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@shiv0110, Yes trading the retest will be ideal. But I'll still be on the lookout for a sudden spike in volume on 5 min chart.
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