Tata coffee - Close above 120 is the key

Price after breaking the strong resistance formed a Triangle pattern and breaks out with good volume last week, but unable to hold the the move it exactly rejects from the pattern high as mentioned in the picture.

One can now look for the price to close above 120 and enter the trade for the target of 137 and 150 respectively. . . If you are an aggressive trader then enter the market with strict stop loss below the pattern low.



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