A symmetrical triangle started around August, 2018 is possibly nearing completion. Await a confirmation for a breakout above 715. Once can hold then with a target of 1100. Once you enter into a trade at 715, stop loss can be placed at 650.
I was going through this book called "Trade like a stock market wizard", I have tried to implement some concepts in this chart. Although this has not formed the proper VCP pattern but still I can see some traits of it.
Targets : 800-820-845 Buy range : 750-760 Stoploss : 710 Duration : 4-5 weeks
Outlook :
The key observation on the price chart of L&T Technology Services is that the stock has recently registered a breakout above the upper band of the “Falling wedge” like pattern with sharp surge in volumes, encompassing the entire decline since June 2017 high...
