Dalmia Bharat Bullish Triangle

The triangle pattern during the period from 14th Feb to 20th April 2017 with the breakout happening on the positive side, which means the trader has to take along position .

The factors taken into consideration for concluding that there is a triangle pattern are :

1. There is a 5 wave corrective pattern (A,B,C,D,E) should form a triangle shaped structure.

2. The triangle area is more than 2 months months.

3. Triangle breakout is around 70% zone.

4. The volume at the breakout area is good.