A symmetrical triangle is a chart pattern in technical analysis that forms when the price consolidates with lower highs and higher lows, creating a converging triangle shape. This pattern indicates a period of consolidation before the price breaks out in either direction.
SRF stock has already given a bullish breakout. One should go long on the stock with Stop loss below 2550 for the measured target of 3475-80 zone.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.