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8316 Triangle breakout
VIP INDUSTRIES LTD
Long
8316 Triangle breakout
By Wavozen
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Updated
Jun 16, 2023
1
Jun 11, 2023
Reason for long
a) price above the point of control which signifies the bullishness.
b) supertrend and renko is bullish signal positive.
c) super vwap is also showing super bullishness signal
d) bear volume is very low as indicated in the volume bar
e) pattern is triangle breakout
f) price is crossed the rainbow which indicates bullishness
g) good risk reward zone
f) w formation with low bear volume indicates the bullishness
SL compulsory
Jun 16, 2023
Trade closed: target reached
Chart Patterns
Wavozen
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