Triangle Bearish Breakout

Triangle bearish breakout

stock name: tata consultancy service

The conditions are,

1. 5 wave corrective pattern – formed – refer the attached chart

2. The triangle area should be minimum 1.5 months – satisfied – triangle formed for two month in tcs.

3. triangle breakout expected at 70% – satisfied – refer the attached chart

4. volume required to confirm the breakout –  satisfied