PATINTLOG broke out of a symmetrical triangle with volume. Expect movement in short term.
Breakout level - 16
Target - 17.50/19.50
SL - 14.20
Study the stock & Trade responsibly.
Patel Integrated Logistics is near its multi year Resistance to the break the triangle pattern.
Execute Long above 38 for a long term target of 80 & above. Keep the Stoploss at 20.
The company have started performing better and the incoming volume started to spike up.
Kindly share your valuable feedback.
Disclaimer: This view is for educational purposes only....
Observations- on the Chart.
I see a new trend setup in Patel Integrated Logistics.
But it can be the correction of the old (continuation to the downside though probability seems less likely) .
Hope to see it does what I made in the chart.
It might have ended its correction phase and entered a long term bullish outlook, confirmation awaited. NSE:PATINTLOG...
