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Britannia industries has finally broken out its months of triangle consolidation.
It appears to have broken this out on the SHORT SIDE.
After a confirmation of the breakout, its going to be a nice and SHORT ride :)
After more than a year of consolidation, ULTRATECH CEMENT finally appears to have broken out its triangle consolidation. Its certainly worth checking if this breakout is sustainable and then enjoy the long ride. Expect 1000 points move on a good breakout!
Reliance Industries has been in a uptrend for a very long time. The stock has been consolidating at a strong support zone for more than a month and is now broken.
However, its important to confirm support on the broken side of the triangle and then enjoy the LONG ride!
Tata Motors appears to have finally broken out its 6 months of consolidation in the form of a triangle.
The breakout looks promising although it's important to check this breakout is sustainable before entering long.