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).
Happy Trading!!!
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).
Happy Trading!!!