TELEDATA : Ascending Triangle?

[mdraafi]

Tele Data seems to form a Ascending Triangle Pattern for Short Term.
See attached Chart.

Is it a Ascending Triangle Pattern? Kindly guide me.

Can I buy at current market levels with the Stop Loss of 26. ?
Or wait for a Breakout of 31.50?

Thanks in Advance.

 

[TATrader]

I would suggest you to wait for a breakout for a confirmation of the upward trend.

 

[mdraafi]

Thank you TATrader for your kind reply.

 

[supratik]

It is still not a good decision to buy...you may expect further downside in the counter, but on a close above 31-32 with good volume the trend will change to bullish.

It would then be advisable to buy it.