Tata Chemicals - Symmetrical Triangle Breakout

A symmetrical triangle is a consolidation pattern.
It is often referred to as a Coil Pattern.
Here each price fluctuation is smaller than its predecessor.
Lower Highs & Higher Lows.
The process of contraction or coiling also has an effect on the volume.
Imagine a coil spring, the more you keep pressing down the coil spring , it keeps going down but once the force is released the coil spring moves violently. This is exactly the same happening here in a symmetrical triangle.

CMP 1058

Can Head Towards 1150+
Chart PatternsSymmetrical TriangletatachemicalsTrend Analysis

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