isnt that an ascending triangle, though? which indicates an upward move?
Hussam-Qazi
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@willharper Yes ascending triangles are known for continuation of bullish trend but fundamentals for Q4 are not supporting increase in prices which means if it breaks above we may see consolidation up to end of December and buying at this price will not give you a good trade. In this case I would take the traders favourite position 'sit back and watch'.
willharper
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@hassamqazi7 I haven't looked at fundamentals to be honest, purely just looked at the chart you put up in front of me, but cool :)
Hussam-Qazi
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@willharper Not to worry, thanks for asking you have asked the right question which will help other people as well to understand the chart :) My idea was to trade only if it breaks down otherwise avoid.
stock2020walarakrsh
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I was short... ho my SL hit
saqi060
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sir can we go for sell now? market is running on 42.90
Hussam-Qazi
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@saqi060, Look for sell around 43.80 if you find a nice setup, thanks.