Tataelaxi was falling down from the last few weeks. Then gave a breakout and started consolidating. Now, it is making n triangular type pattern. Breakout to any upward or downward side give very good opportunity to either short or long for huge profit.
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As i mentioned that breakout or breakdown of triangular pattern will give a good opportunity of buy or sell side.
Most probable ? Up or down ? Markets are good ! DOW opened 5 up !
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@B_Anshuman, Ideally, Triangular pattern is not use in case of trend reversal. this is a trend follower pattern. As i am seeing in monthly chart, it is showing as download trend, weekly chart side ways and daily charts triangular pattern. if broken downside, it will follow the trend and go further down. but if broken up, then need to wait to further confirmation. Follow my yuotube channel for latest videos Stockstechnofunda