swingisking1010

swingisking1010

Spice Jet is forming an ascending triangle on weekly time frame . It also formed a morning star pattern on support trendline . Rest one can understand from the chart itself.

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Ascending triangle pattern inside a paralle channel on daily timeframe.

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Its forming a symmetrical triangle on daily time frame. For the last month and half its taking support ( demand zone ) at around 126 levels. ENTRIES: One can buy at the breakout of trendline ( red in colour ) . STOP LOSS could be 126 levels ( green line ) and trail it with 20 ma.

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Buying Oppurtunites BUY ABOVE 169 Rupees ( RED LINE ON CHART ) STOP LOSS - A DAILY CANDLE CLOSING BELOW GREEN LINE ON CHART

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The stock has been on an uptrend. The trendline where it takes a support and breaksout is close to the CMP. One can buy on the support of the bottom trendline - STOP LOSS CANDLE CLOSE BELOW SUPPORT TRENDLINE One can buy at the breakout of upper trendline ( resistance ) on a daily candle - STOP LOSS OF THE BREAKOUT CANDLE

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Tata Power gave a breakout of triangle. It was constantly making consolidation in a triangle pattern and breaking out of it. It's a very common pattern which can be seen in many stocks now, especially in a bull market.