iam_nithin

Symmetric Triangle, Swing , SBI CARDS

Long
iam_nithin Updated   
NSE:SBICARD   SBI CARDS & PAYMEN
If the resistance is broken we can see an up movement and there by creating new higher high for the stock in uptrend. Since this is an symmetric triangle there can be a chance for break down also, so trades should be taken only after closing above resistance with volume.
Being a fundamentally good stock it can give good return but holding period might be longer.
Nb: Not a stock recommendation, sharing my view only
Comment:
Breakout Ongoing
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