OIL | Breakout After Triangle ConsolidationThe stock has given a clear breakout after a long consolidation within a triangle pattern. Post breakout, the price action is respecting the breakout level, which indicates strength and growing momentum. Overall, the structure looks positive and promising.
Technical Observations:
Breakout observed after triangle consolidation
Price is holding above the breakout zone
Momentum looks strong, indicating buyer dominance
Chart structure suggests potential continuation on the upside
Fresh Entry Zone:
Buy Above: ₹522.50 (on confirmation and volume support)
Potential Targets:
Target 1: ₹595
Target 2: ₹767
Further upside possible if momentum sustains
This setup looks suitable for traders who are looking to catch a momentum move, provided risk is managed properly.
Important Disclaimer:
This post is strictly for educational purposes only.
It is meant to explain:
How a final breakout occurs
How price action can expand after consolidation
Please do not treat this as financial advice.
Before taking any trade:
Consult your financial advisor
Use your own analysis and judgment
Always calculate risk and position size
Remember:
Every trade involves risk.
We operate in the financial markets where capital preservation is as important as capital growth.
Final Note:
Trade safely.
Trade with discipline.
And most importantly — keep learning and growing
