Ascending Triangle in Relaxo Footware

RELAXO FOOTWEARSNSE

Description

⋅ May 31, 2018 7:58 AM

-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

⋅ Jul 27, 2018 7:29 AM

Turned out pretty well.

Comments

shiv0110

⋅ May 31, 2018 9:04 AM

yes surely ,better will be to but when it comes back to the breakout point after breaking out.

Market_beat3r

⋅ May 31, 2018 9:21 AM

@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.