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VanshikaUdeshi

Symmetrical Triangle: RHIM

RHI MAGNESITA INDIA LTD (NSE:RHIM)  
VanshikaUdeshi Updated   
NSE:RHIM   RHI MAGNESITA INDIA LTD
Chart Patterns Symmetrical Triangle symmetric_triangle decliningvolume breakouttrading waitforbreakout chartpatterntrading
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chartpattern symmetricaltriangle symmetric_triangle decliningvolume breakouttrading waitforbreakout chartpatterntrading
RHIM is forming symmetrical triangle at the top. Breakout can be either side. After the breakout the trade can be taken depending on the side of breakout.
Comment:
Breakout is done, here breaking of symmetrical triangle indicates that buyers has taken over and stock is now in a new uptrend.
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