NeeteshJain

Educational 19: Triangle Pattern Formations (Watch-list)

Long
BSE:SOUTHBANK   SOUTH INDIAN BANK LTD
It is been observed that some of the charts are forming a symmetrical triangle on the daily chart which can provide good returns in coming days.

On verge of Breakout:
1. Hindpetro
2. South Indian Bank

Successful Breakout:
1. Hexaware
2. SRF

Regards
Trade active: SRF Trade Setup -

Target: 1650
Stoploss: 1600

Regards
Comment: Hexaware performed well after the breakout. Regards

Comments

Srf is still working?
+1 Reply
NeeteshJain HarshShah
@HarshShah, Yes it is still trending up until it breaks and closes below 1560 levels. Regards
Reply
HarshShah NeeteshJain
@NeeteshJain, Thanks. Initiated longs with strict SL of 1560.
Reply
HarshShah HarshShah
Reply
yesterday i noticed hind petro is seen with good volume
+1 Reply
NeeteshJain nalinakshi
@nalinakshi, Yes, it shall perform well today. Regards
Reply
very interesting observation
+1 Reply
NeeteshJain nalinakshi
@nalinakshi, Thanks, I wish it adds value to your trading experience. Regards
Reply
GOOD ANALYSIS
+1 Reply
NeeteshJain anupminj7
@anupminj7, Thanks, I appreciate it. Regards
Reply