Tata Elexi triangle pattern break out [ Practice]

Tata Elexi Symmetrical  triangle pattern formed since 25/01/2018 to 09/04/2018

5 waves contracting pattern seen.

Entry at upper break out of the triangle at 1033. Volume was not great on the break out , but after 3 days, volume increased.

Stop loss at the opposite level of the triangle break out at Rs. 978

Target Break out level plus height of the triangle Rs. 1033 +188 = Rs. 1221

Risk 1033-978 = Rs. 55

Reward is Rs. 188

Risk reward ratio 1:3.40

Target achieved within 15 days.