Reason Being: 1. Formation of Triangle pattern and Upper Breakout with Volume Confirmation The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.
Every Price Action Pattern after breakout provides some Target Range and according to Triangle: Target Price: 170 and 185 View Negated Below: 145
#Disclaimer: I'm not a SEBI Registered Research Analyst, These are my views, please consult your Investment Advisor before buying and selling any position. This is just for Education Purpose.
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