Posting after a long time. Chart was so juicy could not resist. If you want to see the example of a perfect Ascending traingle this is the one. Stock is consolidating after a huge move from 120 to 240. Now it has formed an ascending triangle in the range of 180-240. Once it breaks above 245 it will reach its target of 300. The stoploss for the move will be 220. Please see the chart below for the perfect formation.
Buy at CMP 240 with a stop at 220.
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