ASCENDING TRIANGLE FORMATION IN GSFC

Ascending triangle breakouts are positive and have high accuracy level as they follow the prevailing trend. So GSFC in my opinion can be a perfect example as it resembles the breakout after taking the multiple supports.

Indicators are also  providing confirmation to the pattern.As MACD giving a buy signal,MFI comparatively forming higher highs in relation with prices .

So accumulate on  dips and the stop should be around 120 levels and upside seen upto 130 and 134 also looks quite possible.

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