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DABUR - Ascending Triangle Breakout

Oleh Abhijit_Paul
Diupdate
In the Hourly charts of DABUR, we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350
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Makes sense to exit this position, as the breakout fizzled out and tested the Apex of the triangle twice with no follow-through buying.
Ascending TrianglebreakoutChart Patternshighvolume
Abhijit_Paul
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