Possible UP move with Good RR ratio !Dear traders, as you can clearly see that canfinhome is making a symmetrical triangle pattern. But main thing we should notice here is that the support line is more strong as it has tested more no. of times than the resistance line. Also look at volume bars, During red days the volume is generally low as compared to big green volume bars on green days. Buyers are little bit stronger here in my opinion. Although Symmetrical triangle can give breakout on both sides but in my opinion if market supports this analysis ,it can be a good buy as risk to reward ratio is best here, Risk being very minimum. Note that this analysis was done by me only for educational purpose, Feel free to share your views/feedbacks.
