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Pennar Industries - Symmetrical triangle break-out

Discussion in 'Technical Analysis' started by shankarbalajid, Oct 5, 2016.

  1. shankarbalajid

    shankarbalajid Member

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    Pennar Industries daily chart has given a positive break-out from a Symmetrical Triangle patter. Breakout is supported with good volume. Will the trend be continued for medium term?

    upload_2016-10-5_23-38-52.png
     
    shankarbalajid, Oct 5, 2016
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    yankeedin, nirajshah and shabbir like this.
  2. shabbir

    shabbir Administrator Staff Member

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    Looks like it will be and stop loss should be strict if you are taking position before breakout above 50.
     
    shabbir, Oct 6, 2016
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  3. nirajshah

    nirajshah Champion

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    Thanks for sharing wonderful opportunities.

    Sent from my 504Q+ using DIY Technical Analysis mobile app
     
    nirajshah, Oct 6, 2016
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