IRB INFRA DEV LTD.
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Ascending triangle pattern on IRB

IRB formed an ascending triangle pattern on daily chart. Initially at a glance it looked like a triple top formation but clear support levels indicates its ascending triangle. Also there was a spike in volume on breakout day indicating strong buyers out there. Stop loss can be held just below the breakout candle with target the width of the broader triangle. Good risk reward ratio as well.

Hope you liked this idea, if so please boost this idea so others could benefit or leave a comment on what you think. I'll be glad to hear from you. Otherwise happy trading :-)

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