minchu

Triangle breakout in Tata Coffee

Long
minchu Updated   
NSE:TATACOFFEE   TATA COFFEE
Tata Coffee has broke out from symmetrical triangle on Friday. It can be bought now with a stop loss of 150 and target of 176. This trade is slightly riskier as the highs of 2013 around 165 might act as resistance.
Trade closed: stop reached:
SL hit. I have lowered the SL to 140 for my holding.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.