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Berger Paints - Ascending triangle

Discussion in 'Technical Analysis' started by drsuraimardi, Sep 2, 2012.

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  1. drsuraimardi

    drsuraimardi New Member

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    Dear Shabbir ,Please share if I have drawn the ascending triangle correctly.And please tell me whether my target is correctly calculated ?
     

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    drsuraimardi, Sep 2, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    No the target should be calculated from 135 levels which would be support.

    Breakout above 155 would mean target of 175 and not 190+
     
    shabbir, Sep 2, 2012
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