NSE: BHARTIARTL seems it breakout the triangle pattern, as per the Daily chart. The next target can be the height of the triangle from the breakout point, which will be around 644.
This is as per my analysis.
Happy Trading.
Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
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Guys, I did a mistake in placing the stoploss. Please bring your stoploss to 560-550 levels. I'll make sure I won't repeat the mistakes again. Cheers!
@ishanagarwal9769, yes. But remember there is always a chance for false breakout signals in triangular patterns. It might look like it gave a breakout but soon it will comeback just to be a part of the triangle. That's why I've suggested to place stoploss just below the breakout, so we can close our position before it stays too long in the pattern. You can place your stoploss at the next support level i.e, around 550, if you can risk. Or alternatively you can wait till Monday's candle to close, which will give a definite signal. Cheers!
Mandu010
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This looks promising.
jayaprakash99
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@Mandu010, Glad you are also feeling the same way!