Symmetric Triangle in PFC
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Notes:
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
- The stock has been in a symmetric triangle ever since its listing in 2007.
- Possible trading ideas are
1) Wait for a breakout and trade in cash (long if candle closes above 137.5, short if it closes below 70.5)
2) Intra-formation trades, derivatives or cash (Go short, scrip bounces off the top trendline and long if it bounces off the bottom trendline.)
Please note - Not a SEBI Registered Advisor/Analyst. Only for Educational Purposes. Please Consult your financial advisor before you take any action.
Note
Also possible inverted head and shoulder pattern.
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