Symmetrical triangle on APOLLOTYRE

APOLLOTYRE formed a symmetrical triangle pattern on daily chart. Price broke out of resistance line today. However it was not a strong breakout. Its better to wait for price to move above todays high and then enter. Stop loss can be had just below prior swing low with target all time high levels. Todays volume was also above average but not huge compared to other high volume candle on the chart so a cautious entry is required. This trade offers ideal risk reward of around 1:2.5.

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