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. 

1 Comment
  1. Naresh 4 years ago

    Hi sir,
    Set your stop loss on the opposite side lower swing from the breakout point

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