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Trianlge Bullish pattern observed in ABB Limited for 1.5months between Feb to Apr17. It has lower ascending trendline and horizontal line to form a traingle. Low volume at the time of pattern formation but increase during upward breakout. Long position can be created as follows:
| stoploss | 1185.7 |
| entry | 1260.9 |
| target | 1336.1 |
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 6 | 7 | 8 | 9 | 10 | 11 | 12 |
| 13 | 14 | 15 | 16 | 17 | 18 | 19 |
| 20 | 21 | 22 | 23 | 24 | 25 | 26 |
| 27 | 28 | 29 | 30 | 31 | ||
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