Security is forming a Symmetric Pattern. A breakout from the pattern would be a great opportunity to enter.

The Security is currently trading below the 50 and 10 day MA, for breakout on the upside the security has to close above the trendline and price should trade above both the MA and RSI should support the price.

For downside breakout the security has to close below the rising trendline and price should trade below the MA with RSI supporting the price.

Advice : Trade as per breakout. ( Expected breakout on the upside)

Symmetric Pattern

KUNAL KAMBLE

Sep 15 2022