Bullish symmetrical continuation triangle pattern has been formed in daily chart of Sterling Tools . This pattern is characterized by converging trendlines, lower highs, and higher lows. It typically occurs during a consolidation period when the market is uncertain about its direction.
Here's a breakdown of the pattern:
Converging Trendlines: The pattern...
Back again in this counter because I spotted one of my all-time favorite patterns the Inverted Head and Shoulder Pattern just after a retest to the line of least resistance.
Good volumes.
Market Cap 941 Cr.
Stock P/E 31.6
Industry PE 32.3
Dividend Yield 0.38 %
ROE 5Yr 12.4 %
OPM 5Year 17.2 %
Promoter holding 65.8 %
Debt to equity 0.30
A nice long ascending channel followed by a cup.
