headymuk

Falling Channel + Wedge Pattern COMBO !

Long
NSE:BBTC   BOMBAY BURMAH
Traders, as you can see clearly that BBTC was first in falling or descending channel pattern and then it gave breakout and formed wedge pattern. Stock also gave breakout from wedge pattern (that too with high volumes ). Now stock is again retesting the trend line (resistance line). Buy once stock start showing positive momentum. Don't buy if stock closes below the resistance line. This was my personal analysis only for educational purpose. Feel free to share feedback/queries.

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What are the targets?
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dear headymuk, so far triangle patterns are more successful positions among all patterns. Good Job! and Same time shorts are average successful from all posts.
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