Triangle Bullish Breakout
Stock Name: Raymond Limited
The conditions for triangle bullish breakout are,
1. 5 wave corrective pattern – identified – please refer the attached chart
2. triangle area should be minimum 1.5 months – satisfied – triangle formed over 1.5 months
3. triangle breakout expected at 70% – satisfied – refer the attached chart
4. volume required to confirm – satisfied – required volume found.