Vedanta 16 jan 22
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
Symmetrical triangle formation
If closes above 350 then
CMP 336
T1 360
T2 370
T3 385
T4 440
For Education purposes only
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
Symmetrical triangle formation
If closes above 350 then
CMP 336
T1 360
T2 370
T3 385
T4 440
For Education purposes only