Siddharth_23

Bombay Dyeing | Ascending triangle pattern breakout

Long
NSE:BOMDYEING   BOMBAY DYEING &MFG
Views are personal and for educational purpose only.
Watch my other analysis also.
Trade closed: stop reached

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what is the time frame for the target?
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Siddharth_23 reportsaif
@reportsaif Hey there. See we can't say about when the target will be achieved. But as per the time frame and experience in the market what I can say is that it can be achieved in between 2 or 3 months depending on whether nifty and all sectors are out performing or not. Moreover, keep the SL be calm and have patience. 🤗
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reportsaif Siddharth_23
@Siddharth_23, yeah, I think it all depends when the resistance is broken. if it touches 90 and crosses it then we can expect a movement till 130-140. this time i think it will break the resistance but it will take some time. But, once it breaks the resistance we can see some serious movements
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Siddharth_23 reportsaif
@reportsaif look as per the study of ascending triangle pattern, whatever is the height of the pattern that should be the range which should be made as the target. Till 100 is the crucial range which can take time to cross above. But entering now is a good opportunity for me because the SL will be small. Only enter when a daily candle closes above 90.
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