Symmetrical Triangle Formation on Daily Chart and before breakout
Book pattern shows 5 Leg Symmetrical Triangle Pattern after Breakout.
Torrent Pharma Shows 7 Leg Symmetrical Triangle Pattern (Variation of Flag Pattern) before breakout.
7th leg will expected to breakout UP
It is tradable pattern with Strict Stop.
Stop Loss Can be placed lower range of Pattern which is near 2225 & Current Market Price is 2363
1st Pattern Target will be the higher range of pattern 2699 (2.5 RR)
2nd Target will be the Height of the Pole 3300 (7 RR)
Happy Investing
Yogi
No comments:
Post a Comment