ACC LIMITED – DAILY – SYMMETRICAL TRIANGLE
An example of SYMMETRICAL TRIANGLE breakout can be seen in ACC. Earlier price was making higher lows and once it break the symmetrical triangle around 1050 level it went up sharply and still looking hot.
Actual height of triangle is very high but it has not touch the lower line earlier that is why I take it from the support breakout to next support level which is app. 130+ points. So I set the target of 130 points from the breakout candle which is app. 1200 level. Now it also breaks the resistance level of 1190-1200. Still looking hot.
