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 u ptrend line drawn through the bottoms.
The higher lows indicate more buyers are gradually entering...
Weekly charts are least noisy. They help in getting clear long term image of the stock.
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posted earlier ..
it seems bharti may cross this trend line briefly
to touch the support line
if it does so I think one can buy it for investment.
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go through my earlier post attached here with..
this post is for educational purpose.
No trade but an observation.
Fundamentals and Technicals aside. See the strength of fear. It takes 116 days to rise 45% and it took 5 days to fall nearly 30%.
Anyways, tradewise, it is good buy with stop loss at day's low but that falls under gambling right.
Benchmark Nifty50 rallies sharp for 2 successive weeks scaling back to levels of 11,9000 and more. It has been a “turn-on-a-dime” kind of bounce back from the index, well supported by sectors like IT and now Banks. The underlying trend is definitely UP as the index continues to show resilience to correct, but it’s the level above that offer some serious...
Hi,
Here I have explained how can we backtest through Trading View Software on Nifty. Same way we can make backtest to any Index or Stock on our selected technical parameter and defined time frame.
Dinesh
Algo Trading Super Tutor
LT long term Fib retracement, acting as a strong support for L&T, forming a hammer candlestick pattern this month, , if 900 breaks and sustains, weak, however since it is a long term support, chances are it would bounce back, but its reversal is limited by long term moving average lines, hovering overhead.
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 indicate more buyers are...
