TARC LTDLong
Symmetrical Triangle Breakout
Updated
After the demerger, the share has been constantly moving in a restricted zone with a formation of symmetrical closing triangle.
On 20th May, the share finally move upside by 4.88% with good volumes while the index moved opposite.
Also crossed % Fibonacci level. Good chances of making new highs in the short to medium term.
On 20th May, the share finally move upside by 4.88% with good volumes while the index moved opposite.
Also crossed % Fibonacci level. Good chances of making new highs in the short to medium term.
Trade active
Successfully broke out in the upward direction but still back tracing to new support of 27.90-28.It might consolidate for some time before giving further up-move.
Target - 36, 40, 44
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