Panchalk

Breakout from Triangle pattern

Panchalk Aggiornato   
NSE:BALRAMCHIN   BALRAMPUR CHINI MI
Balrampur has BO'd from triangle pattern with decent volumes...targets marked..Trade at your own risk..This is an idea only.
Commento:
It has pulled back to the upper part of the triangle...be watchful. especially if starts moving up - then you can think of taking positions..that is a classic set up
Commento:
Remember - classic does not mean that you will ALWAYS be profitable...but the probabilities are high
Commento:
Trading at 354..if it falls below 348 Rs ( in case you have taken any position) then think of getting out...hope you have a SL in place.
Commento:
Yesterday was a red day after many green days for the market...and today it is moving sideways...Balrampur fell 5% yesterday and today it is down 4% again...that is unhealthy
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