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Westlife Development has broken out big time, stock poised for a runaway rally. Buy cmp for target can be in the region of 600 and 680 stop loss 470
Now the stock is going to another territory The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows
After breakout now in consolidate, it seems that this trend will continue even further. there are quite good signs in the chart. 1. strong breakout with volumes 2. after breakout consolidate in a narrow range
Inverted Head & Shoulder pattern appears to be on the chart. keep this in mind.in the last few quarters FII & DII have bought a lot of shares, it.s good sign for this.