Trade Setup - Ascending triangle in PFC
The outperformance of this stock is likely to continue.
The stock is gearing up for a ascending triangle breakout. The volume is shrinking (which is ideal during the pattern forming period and should pick up upon breakout) as the price is spending more time inside of this triangle.
The stock is getting constant support from the rising trend line and 320 is the upper horizontal triangle boundary.
upon decisive close above 320 the stock should swiftly move towards 330-335zone.
CMP 316.25
SL 312.5
Target 330
The stock is gearing up for a ascending triangle breakout. The volume is shrinking (which is ideal during the pattern forming period and should pick up upon breakout) as the price is spending more time inside of this triangle.
The stock is getting constant support from the rising trend line and 320 is the upper horizontal triangle boundary.
upon decisive close above 320 the stock should swiftly move towards 330-335zone.
CMP 316.25
SL 312.5
Target 330
Nota
stock broke out with good volumes
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.