IIFL Securities has given a ascending triangle pattern breakout with breaking its all time high price of 65.5 on weekly chart. CMP : 75.85 Target : No Target, Let your profits run as long as your trailing stop isn't hit. Trailing Stop : 60.5 (10 weeks EMA), will go up every week.
Merits: 1. Ascending Triangle Pattern Breakout 2. Weekly closing above "All time high" 3. Increase in volume by 10 times (Crosses ATH with a weekly volume of 22mn as against an average of 2mn per week).
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