HINDALCO | TRIANGLE BREAKOUT!
Diupdate
Points to consider before entering trade.
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1. A symmetrical triangle consolidation inside of an uptrend.
2. A HH, HL Breakout with volume out of the triangle.
3. Such breakouts with Higher High Higher Low have a lower chance of being a fakeout
3. Targets will be of the pattern height measured from the breakout point.
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Entry CMP, Exit 807, SL 721, RR 1.7
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Disclaimer: please do your own analysis before entering positions. This idea is only a suggestion and not a recommendation
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1. A symmetrical triangle consolidation inside of an uptrend.
2. A HH, HL Breakout with volume out of the triangle.
3. Such breakouts with Higher High Higher Low have a lower chance of being a fakeout
3. Targets will be of the pattern height measured from the breakout point.
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Entry CMP, Exit 807, SL 721, RR 1.7
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Disclaimer: please do your own analysis before entering positions. This idea is only a suggestion and not a recommendation
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