DABUR - Ascending Triangle Breakout

In the Hourly charts of DABUR, we see a clean Ascending triangle breakout with high volumes. Encouraging aspect is the fact that the stock has now managed to break above a crucial price band which acted as a source of support and now resistance. First Fibonacci target is at 350

Trade fermée manuellement:

Makes sense to exit this position, as the breakout fizzled out and tested the Apex of the triangle twice with no follow-through buying.