If the resistance is broken we can see an up movement and there by creating new higher high for the stock in uptrend. Since this is an symmetric triangle there can be a chance for break down also, so trades should be taken only after closing above resistance with volume.
Being a fundamentally good stock it can give good return but holding period might be longer.
Nb: Not a stock recommendation, sharing my view only
Being a fundamentally good stock it can give good return but holding period might be longer.
Nb: Not a stock recommendation, sharing my view only
Commentaire:
Breakout Ongoing