InsiderB

Ascending Triangle : Waiting for Breakout

NSE:BHEL   BHARAT HEAVY ELECT
We have an ascending triangle pattern in BHEL             and I'm expecting upside breakout today but that means doubletop will fail & gladly yesterday I didn't enter doubletop. So I'm free to enter based on triangle on any directional breakout in Bhel            
If you watch closely, we have double top formation with RSI divergence within triangle.
Ascending triangles breakout in upper direction in that case Double top will be failure. Rarely they breakout downside.

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Happy Trading !!
Comment: Guys get ready to book your profits around 144-143's..Enjoy Weekend with Great profits...
thanks,
+1 Reply
InsiderB AMBRISH
You're welcome !
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