ITC after falling has done a good recovery making a rounding bottom pattern and once again has came to its in decision making zone. If it sustains above 210 a good upside move can be expected.
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Descending Triangle Definition:
A Descending Triangle is a type of triangle chart pattern that occurs when there is a support level and a slope of lower high.
It is defined by two lines:
. A horizontal support line running through valleys.
. A Downtrend line drawn through the peaks.
The lower highs indicate...
DHANUKA has given breakout on 1h time frame, however it is trading at resistance trendline on daily time frame. watch this stock for breakout, 700 on lower side and 760 on upside, in future date upside price may change as it is descending triangle.
if it breaks down 640 is a good price to enter, which is a 200DMA.
on 15min time frame it has given a Descending triangle breakout upside, however 330-332 looks hurdle, once it crosses, it can go upto 345 level which is recent swing high.
A Bearish Engulfing pattern formed at the top of channel is a important point to note on the chart. Fresh long entries should be avoided right now until a fresh high breaks. On the other side if current formed low breached markets may see the lower lows coming forward. Study the charts on indices carefully. Strategy : FRESH LONGS + BUY PUTS , Only BUY + Strict...
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Ascending Triangle Definition:
An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows.
It is defined by two lines:
. A horizontal resistance line running through peaks.
. An uptrend line drawn through the bottoms.
The higher lows...
This call was given in our ____________ Group before breakout.
Many people took it.
But nobody held it till now.
Most of them exited at 10 to 16 % profit (Including me)
If one held on to this one with trailing stop.
it would have given amazing returns.
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Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a peak (left shoulder), followed by a higher peak (head), and then another lower peak (right shoulder).
A “ Neckline ” is drawn by connecting the lowest points of the two troughs. Neckline...
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Inverted Head and Shoulders Definition:
A head and shoulders pattern is also a trend reversal formation.
It is formed by a Valley (left shoulder), followed by a Lower Valley (head), and then another Higher Valley (right shoulder).
A “ Neckline ” is drawn by connecting the highest points of the two...
