Reasons for stating bullish triangle:
1) Five top/bottom appeared and combinedly looks like a triangle.
2) break-out appeared the 70% limit, with high volume.
3) Time taken to form exeeds 45 day minimum time limit.
4) Break-out appeared on the upside indicating bullish pattern.
Trade-plan:
Since this is bullish triangle, long positions can be taken at the break-out.
Entry point=2650,
Target= 2850,
Stop loss= 2500.
Hi sir,
Set your stop loss on the opposite side lower swing from the breakout point