Parachute's are only used for safe landing, well that's what I know of, but why name a Hair oil after Parachute ? Still trying to figure out, though its cool name :)
What do we have here, symmetrical triangle, at the first instance you can nail that & what happens in bull trend ? Expect Upside Breakout... That's it.
Oh wait ! I have a personal interest & Disclaimer to Disclose : Yes, I use Parachute Hair oil !
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Looks like we will have breakout today, wait till days end, last 15mins will be good enough to take the trade
Wow...lots of comments getting charged up here... :)
Change the word from parachute to hot air balloon so that it can go either ways ...lol
InsiderB
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@stocksinboxx, Unfortunately, Hot Air isn't a product by Marico, Parachute - yes it is :)
AMBRISH
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Parachute is supposed to bring you down safely.then parachute must survive above 300 for flaying(safe level/S.L.)
With IT & FMCG will help bulls to sustain Nifty Levels,
InsiderB
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@AMBRISH, Yes we will soon find out whether safe landing (SL) or flying in coming days...
AMBRISH
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@InsiderB, Good Night, Have lovely Weekend , i am ready to fly with Parachute for safe landing.