ZENTEC - Ascending Triangle bullish breakout Long

ZEN TECHNOLOGIESNSE

Description

⋅ Jan 4, 2021 1:19 PM

Note: This is for educational purpose only.

There seems to be a bullish ascending triangle breakout with ultra high volume. There seems to be a breakout in RSI as well. RSI above 65 indicates bullish momentum.

Comments

Maverick_777

⋅ Jan 5, 2021 6:10 AM

The volume was highest since its IPO in 2015. It was massively fantastic!

TRADEWITHFUN247

⋅ Feb 10, 2021 4:17 AM

it is a good pattern but not triangle pattern

Alhad

⋅ Jan 21, 2021 6:37 PM

Check this Drawing by me. Weekly chart, inverted HnS pattern...

aadityanaik2012

⋅ Jan 6, 2021 11:04 AM

good catch . it will eventual break out.. its just a retrenchment before going up.. in a sharp move.

kalyanganguly

⋅ Jan 6, 2021 11:14 AM

@aadityanaik2012, thank you!

BDATHI

⋅ Jan 6, 2021 7:08 AM

nice chart.. with that rsi breakout pattern too :-)

kalyanganguly

⋅ Jan 6, 2021 11:14 AM

@BDATHI, thank you!

AbhijitBolakhe

⋅ Jan 6, 2021 3:00 AM

Looks like a fake breakout as it drops below resistance level on 5th Jan

kalyanganguly

⋅ Jan 6, 2021 5:36 AM

@AbhijitBolakhe, My SL is 86₹. So I will wait until that level.

trading_vanya

⋅ Jan 5, 2021 7:05 PM

Hey what will be support and resistance level