Finolex Cables Ltd (FINCABLES:NSE)
A Symmetrical Continuation Triangle (Bullish) is considered a bullish signal, indicating that the current uptrend may continue. The formation occurs because prices are reaching both lower highs and higher lows. The Technical Event occurs when the price breaks out of the triangle formation to close above the upper (descending) trendline, thereby confirming the pattern.
Event Date: Jun 25, 2010
Opportunity Type: Intermediate-Term Bullish
Close Price: 49.95
Target Price Range: 61.00 - 64.00
Price Period: Daily
Volume: 374,257
Pattern Duration: 40 days
Inbound Trend Duration: 60 days
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