granules : cmp 316
stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.
trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
stock is trading with bullish pennant pattern .
usually trades are taken when upper price trend line is taken out with volume .
our trade can be initiated at lower price support trend line where its trading now .
we can extract the up move from this support zone too .
bullish pennant forms after a big up move of a stock to form pole .
followed by a corrective phase in a triangle similar to symmetrical one,
with higher lows and lower high respectively to form pennant.
trade set up :
1. buy till 310
2. keep stop loss as 288 on closing basis
3. targets : 335 / 353 / 374 / 404 /446 /500+++ long term pick
technical set up :
1. bullish pennant pattern
2. trend line
3. support & resistance
Trade active
Comment:
329.70 high
Comment:
target 1 done
Comment:
344+ high
Comment:
349+ high
Comment:
355+ high