ARE_M Daily Analysis! Symmetrical Triangle Pattern formed in NSE:ARE_M! Symmetrical Triangle Pattern breakout in NSE:ARE_M! RSI Bounced Back from 50 Level
ARE_M formed a Symmetrical Triangle Pattern on the Daily time-frame. The stock is being in the uptrend by taking support on 50EMA. We can clearly see the breakout to the resistance trend-line with sufficient volume. RSI also bounced back from 50 Level. We can ride the rally with strict stop loss. Last candle has given a breakout we can enter either in the upcoming trading session or after retest. The important levels are on the chart itself, please have a look on it.
Trade Psychology and Setup:
Entry = Current price level is good to enter(865-870) Target = 1052.15 Stop Loss = 809.90
Disclaimer = All my analysis is for Educational Purposes only.
Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital