Long

Triangle breakout in Britannia

Updated

The stock has fallen 10% from it's 52 week.
The trend line acts as a strong support and resistance respectively.

*Trade Confirmations*

:- The monthly central pivot range is narrow indicating a trending month.
:- Descending triangles have good success rates.
:- Consolidation near the trend line.

*Trade Setup*

:- T1 - 3550
:- T2 - 3800
:- SL - 3350

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Note

Target 1 achieved

Note

Now it's retesting the trendline.
Can add more quantities.

Note

Successful retesting

Omsai1238

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