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csanjib
Jun 7, 2017 5:20 AM

Triangular breakout on the cards Long

WATERBASE LTD.BSE

Description

Waterbase has been consolidating in a symmetrical triangle and is on the verge of breakout on its Weekly Chart. RSI has already given a breakout and taking support from the downtrend line. Looks interesting.

Trade active

RSI has given breakout on Weekly charts. Can it break past 108?

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BO with volume support on Weekly Chart. If it sustains above 108 on weekly closing basis, 180 seems the target

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Breakout; followed by pullback and upward movement again. Buy for a target of 180

Trade closed: target reached

Target reached at 180
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