ICICIGI BUY ABOVE 1330(TRIANGLE PATTERN)
Infosys is forming higher highs and higher lows in a ascending triangular pattern. Check for break out and thank me later. For analysis of any other stock, just drop a message. This is just an analysis.
I have selected M&M yesterday for Today session(8th June 20) since it was forming a nice pattern in 15min TF. I missed the BD, however i have entered once price crossed the pink line(previous day low) and got 5 points. Target was the green line(day before yesterday low). Entry - 474.9 Exit - 469.5 Please like & comment, if you learn something from this post.
PLEASE READ THE CHART FOR STUDIES
SRTRANSFIN Descending Triangle
Updated earlier about the Triangle and is now working out very precisely. 2450 is the SL it seems now.
Price action is consolidating inside a triangle. Getting ready for the break out.
Stock is showing a strong momentum. It has been taking support at its 20 EMA. A formation of a Symmetrical Triangle is seen in Wave (iv) which if broken we may see a decent rally towards 2800 levels.
It has given a triangle breakout which is suggesting 565-570 as long as it remains above 532
Wait for the strong break on either side
Sometimes simplicity is just the key to success. Previous Channel and Current pattern in downtrend confirmed a bearish continuation again. This post is just to encourage you that you can earn with just simple analysis. A 'Symmetric Triangle' breaking downside in a downtrend confirms that bulls have been tired and couldn't take the price up again. This is a...