Will Generic Break its Ascending Triangle

Monday, February 27 Leave a Comment

Generic Engineering We covered this stock on Monday and Thursday,16 Jan  ,02 Feb,17 Feb and 20 Feb Stock has seen decent bounce from 83 levels and made high of 112 and also closed above 113 Last Thursday.

Generic Hourly with Ascending Triangle

Generic Hourly Chart is forming an Ascending Triangle Pattern as shown in below chart, Breakout will come above 113 for a move towards 123 as this is the triangle height.  Volumes has been increasing in past few weeks, so hopefully we should see the breakout in coming week.

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