TELEDATA : Ascending Triangle?

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.


I would suggest you to wait for a breakout for a confirmation of the upward trend.
It is still not a good decision to 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.

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