#ADSL #breakout #failedbreakout #breakoutstock #ascendingtriangle #patterntrading
ADSL : Ascending Triangle Breakout
>> Momentum stock
>> Probability of a Good upside due to Failed Breakout on the Downside
>> Low Risk High Reward.
Swing TradersCan Lock profit at 10% and keep trailing
If u find the charts informative/educational/Knowledgable Keep sharing and...
change of trend after long consolidation, we can see price also reclaimed 200 dma from now on following the trend may give good risk reward ,and we can see formation of flag pole so usually rally would be lenght of pole
Mahindra and Mahindra has been going down for a long time and now it has formed a pattern, if it reaches the support zone, we can expect a good up move to 800-850 range.
NSE:PIDILITIND
NO NEED TO MENTION ABOUT THE LEVELS.
SUPPORTED BY TRIANGLE BREAKOUT.
MAKES IT MORE CONFIDENT.
ONE OF THE POPULAR PATTERNS.
ONLY FOR EDUCATIONAL PURPOSE.
