TRIANGLE PATTERN FORMATION
Wait for Trend line break out and trade accordingly
If breaks the upper trend line with good volume go long and go short if breaks the lower trend line
View Nuetral to bullish
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Support taken at trend line
if sustains above 625 can go for long (intraday) if sustains above 640 can be considered for postional.
If it breaks the lower trnd line and stays below can go for short position
View Neutral to Bullish.
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At 50Sma n trend line support
If holds go for ling with some points below trend line as SL
If breaks the trendline n sustains below go for short with sOme points above trendline as SL
View Neutral to bullish (Follow the trend guys always follow the trend)