Ruchi Soya chart pattern analysis

9 בספט׳ 2021

Ruchi Soya chart pattern found a beautiful triangle pattern. The triangle pattern will breakout at 1180. Might go sideways. You can check for the previous triangle pattern on the same chart as it was given a breakout after big consolidation. Now, the triangle is small so it will provide a small upside move. If it goes beyond 1345 with high volume and big green candle might give a big move in this month.

Target 1: 1181
Target 2: 1300

stoploss: 990

Happy Trading!