Triangle Pattern formation in 1 WTF!
***Took the position in the stock today!, with same RRR(Risk Reward Ratio)
>The simple triangle pattern nothing much as you can see.
>The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this.
>The way the pattern respecting both EMA's is good.
>Good formation of the Triangle is also another factor in this volatile market conditions!
>Nifty Mid-Cap 150 fell by over 3% today but this stock sustained it smoothly today and ended the day in positive note, this is the representation of strength in the stock.
>The MCAP is 12800cr with a decent financials.
Let's watch how it will react to the present 'Volatility' !
Happy Trading Mates!!!
>The simple triangle pattern nothing much as you can see.
>The reason I took position is because of the stock's behavior towards EMA's (20EMA,50EMA) which is the important factor of my analysis behind this.
>The way the pattern respecting both EMA's is good.
>Good formation of the Triangle is also another factor in this volatile market conditions!
>Nifty Mid-Cap 150 fell by over 3% today but this stock sustained it smoothly today and ended the day in positive note, this is the representation of strength in the stock.
>The MCAP is 12800cr with a decent financials.
Let's watch how it will react to the present 'Volatility' !
Happy Trading Mates!!!
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