Bullish Triangle Pattern Breakout seen in Construction Company

8 Haz

Hello Everyone, i hope you all will be doing good in your trading and your life as well. Today i have brought another stock which has given breakout of Bullish Triangle Pattern with good weekly volume on chart. Stock really have given good move after breakout, but wait for best entry in case stock gives some lower momentum in between (300-325). Aggressive players can take entry from here too and accumulate more if you see lower levels in it.. Stock is good for short term to long term as well. This is kind of invest and forget type stock.

Technicals:-
stock is trading above 200-DEMA.
stock has given bullish crossover in MACD and RSI indicator.
stock has given breakout of Triangle pattern with good volume.

Everything suggesting a bullish momentum in this stock.

NOTE:- I have not put MACD & RSI indicators on chart, but i have done my analysis on these written indicators above.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

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Thankyou.