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NeeteshJain
May 9, 2017 3:39 AM

PC JEWELLER - ASCENDING TRIANGLE FORMATION  Long

BSE:PCJEWELLER1D
PC JEWELLER LTD.BSE

Description

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It is been observed that the price action forms an Ascending Triangle pattern on Daily chart. Now, a close above 450 levels will take the price action further up to 460-470 levels. It is wise to enter once the price action breaks the triangle formation and close above. I'm positing this chart before in order to provide you a good opportunity in advance.

Target 1: 460

Target: 470

Stoploss: 435

Regards

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Comment

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Going Strong, Ascending Triangle breaks

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Stoploss is on closing basis. Regards.

Keep Holding.

Regards

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Stoploss changed to 430 on closing basis. Regards

Trade active

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Now, it is in positive, cheers. Regards

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Back on track, now looking for Target 1 and Target 2 to be reached soon. Regards

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Trade active

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Trade closed: target reached

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Target 1 reached successfully. Regards
pcjewllerAscending Trianglebreakout
Comments
shiv2798
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Sir It will make 500 In my opinion with in 1 to 2 Week
Regards
NeeteshJain
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@shiv2798, Yes, it shall reach to the said levels once it closes above 470 levels. Appreciate your input. Regards
Siddhanth
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How about entering the stock again? Back at around 450 levels, makes sense?
NeeteshJain
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@Siddhanth, Not at current situation, you may initiate once it goes above 460 levels. Regards
samayra
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I am in ...still holding
NeeteshJain
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@samayra, It is trending up but due to market correction, it is not able to go up. Sit tight and it shall work out well. Regards
samayra
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@NeeteshJain, I am in...though nervous now..
samayra
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@samayra, Hi...what should be the short term target for futures?
kawalgeek
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Low of 432.45, is it SL Hit?
NeeteshJain
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@kawalgeek, Stoploss will be confirmed once the price action closes below it on daily chart. Regards
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