digijagan

Ascending triangle pattern on SHRIRAMFIN

Long
NSE:SHRIRAMFIN   SHRIRAM FINANCE LTD
SHRIRAMFIN formed an ascending triangle pattern on daily chart and broke out of the pattern today. With multiple support and resistance tested, appears to be a bullish breakout. Stoploss can be held just below the breakout candle with target the size of broader edge of triangle. You could trail stop loss with either 2 ATR (Average True Range) or 10 EMA (Exponential Moving Average).

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