Triangle Pattern Breakout in 1 DTF//BPCL
>The good ACCENDING Triangle Pattern formed which ended up with strong green candle!
>The pattern took 3 supports at the bottom and 3 resistances at the top!
>12 AUG close is strong both 1 DTF & 1 WTF.
>In WTF it closed as a Hammer Candle, It is heading to break 20 DMA!
>Once it breaks 20 DMA then 50 DMA is the immediate target in WTF, the MTF is also looking bullish by the way.
>Stop-Loss is fine under the green bullish candle in 1 DTF and wait for the 20 DMA break and take the positions accordingly.
Hope the stock blast!
>The pattern took 3 supports at the bottom and 3 resistances at the top!
>12 AUG close is strong both 1 DTF & 1 WTF.
>In WTF it closed as a Hammer Candle, It is heading to break 20 DMA!
>Once it breaks 20 DMA then 50 DMA is the immediate target in WTF, the MTF is also looking bullish by the way.
>Stop-Loss is fine under the green bullish candle in 1 DTF and wait for the 20 DMA break and take the positions accordingly.
Hope the stock blast!
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