DALMIASUG Buy at 106-107
Stop-loss: 93.85
Target: 138
Risk 11.50% & Reward 30%
RR Ratio 1 : 2.63
Ascending Triangle - Continuation Pattern
With its “flat-topped” shape, the ascending triangle indicates that buyers are more aggressive than sellers. The ascending triangle forms because of a supply of shares available at a fixed price. When the supply...
It is been observed on the hourly chart that the price action is forming a continuation pattern after breaking downward channel pattern.
It shall be a good opportunity to take a part in it once it closes above 93 levels.
I shall update the targets later.
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Regards
