Bank of Baroda
Updated
The stock is trading within symmetrical triangle.
Probability 1 - Breaking above the triangle and close above 110 will lead to a successful breakout,
Probability 2 - Facing resistance near upper trend line and correct till 102.
Worst case scenario - Breaking below 102 and head towards lower line of the triangle.
Probability 1 - Breaking above the triangle and close above 110 will lead to a successful breakout,
Probability 2 - Facing resistance near upper trend line and correct till 102.
Worst case scenario - Breaking below 102 and head towards lower line of the triangle.
Note
Breakout succeed
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