Ascending Triangle in TataSteel

Notes:

Looking forward to a long position beyond the resistance range right above the pattern,
In case that fails, I might look at an alternative short position with the final target around 1.5% from the breakdown levels.

Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.

Note

Also noted an ascending triangle considering the candles on the day before.

Trade closed manually

Got a pattern breakdown the day after I posted the pattern.

the_consolidation_guy

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.