Triangle Pattern formation in 1 WTF!
>Good formation of the triangle pattern happened but the most important thing we need to watch for is good Volume build-up!
>The upper Trend Line should be broken with the good volumes is the only concern!
>Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA.
>The 4 Supports Levels are significant because they represent the higher low's formed in the above triangle.
>Let the break-out happen first, then entry is what I am planning or else if you want to enter it now go by the stop-loss I gave.
>The Stop-Loss is some what more but it is favorable when compared to RRR which is '2.02'.
>The first Target would be the 52w high.
Let's Watch with patience!!!
***Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
>The upper Trend Line should be broken with the good volumes is the only concern!
>Good formation of 'V' Shaped Candle Sticks is happened just below the 20 DMA.
>The 4 Supports Levels are significant because they represent the higher low's formed in the above triangle.
>Let the break-out happen first, then entry is what I am planning or else if you want to enter it now go by the stop-loss I gave.
>The Stop-Loss is some what more but it is favorable when compared to RRR which is '2.02'.
>The first Target would be the 52w high.
Let's Watch with patience!!!
***Container Corporation of India Limited (CONCOR) is under the ownership of Indian Railways, Ministry of Railways, Government of India.
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