Dr Reddy’s Laboratories Ltd, a part of the S&P BSE Sensex index, which has rallied more than 20% from a March low of Rs 3,655 gave a breakout above Triple bottom formation in September and from a Symmetrical Triangle formation in October.
Symmetrical triangles are considered a continuation pattern but do not necessarily highlight a trend. A breakout or a breakdown is required from the trendline to signify the trend.
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Symmetrical
