ARVIND MILLS - Symm Triangle

[vikasdewan]

Dear Traderji,
The daily/weekly chart of Arvind Mills shows a Symmetrical Triangle formation . Could you kindly comment on the outlook for this stock and whether the observation is correct ?

 

[Traderji]

Re: ARVIND MILLS - Chart Pattern

Arvind Mills is forming a broad symmetrical triangle pattern. One should go long on a breakout of the upper trendline (see attached chart).

 

[vikasdewan]

Re: ARVIND MILLS - Chart Pattern

Traderji,
Refer the earlier post; is it time to BUY Arvind Mills now that the Upper Trendline has been broken successfully?

What targets can we expect ?

 

[Traderji]

Re: ARVIND MILLS - Chart Pattern

Traderji,
Refer the earlier post; is it time to BUY Arvind Mills now that the Upper Trendline has been broken successfully?

What targets can we expect ?

You can look to book profits at about 155-160.

 

[Saint]

Re: ARVIND MILLS - Chart Pattern

Nice move today by Arvind Mills.....New all time highs!

 

[sudoku1]

http://www.trending123.com/patterns/bullish_symmetrical_triangle.html

 

[Karanm]

Re: ARVIND MILLS - Chart Pattern

Arvind Mills is forming a broad symmetrical triangle pattern. One should go long on a breakout of the upper trendline (see attached chart).

Sir, any Explorer for Scanning Triangle formation in Metastock.
Regards
Karanm