Ascending triangle formation on the chart also good signal on the MA(10) on the CCI(20). The EMA(200) seems as a strong resistance so a breakthrough above it could mean strong movement. Also fine support from the ICHIMOKU cloud below. Anything in 150-155 should be a good entry point IMHO.
KAKATCEM has formed ascending triangle pattern on a weekly chart. Volume has dried up as the stock is reaching its apex. A decisive move above its upper resistance trendline accompanied by volume will take stock towards 525-550 zone. Pattern failure below upward sloping trendline on closing basis.
NSE:ICIL Breakout has occurred on daily charts from ascending triangle with high volumes.
As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in radar...