JKCEMENT- Forming a triangle pattern, wait for a good breakout.

The formation of triangle pattern can be seen clearly, wait for breakout and conformation( based on the breakout momentum, if possible) in any direction to take position accordingly. The stock is already trading in high price zone as compared to the historic price and the breakout at the upper trendline can lead it to test the all time high and beyond. The breakout at the lower trendline can push the price around the levels of ₹2650. So, setup your trade accordingly. The 20 day EMA is working as resistance at the current levels but at the same time the 50 day EMA is playing the role of support for the price. The breakout at the lower levels is highly unlikely but still wait for the the breakout (in any direction) to take up a trade accordingly.