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Angled

Right Angled Triangle pattern formation in Hero MotocorpRight Angled Triangle pattern formation is happening in Hero Motocorp stock. The resistance line is at ~2969. If the breakout happens with good volumes then the stock could rally to 3160 level. The pattern crossed the projected 1/2 length time period of the pattern so the breakout happening between 1/2 length and 3/4 length, supported by volumes, could be strong. If breakout happens as per pattern then: Target ~ 3160 Stoploss ~ 2969 Disclaimer: I am not a SEBI registered investment adviser. The study is purely for educational purpose and is my personal opinion. It is not a direct investment advice.
NSE:HEROMOTOCO
by sarathve
EURPLN Plays for a Upside Breakout from the Right Angled WEDGEEURPLN had been consolidating within the Descending Broadening Wedge Pattern, since 9th November. After testing the upper trend line for the fourth consecutive time, prices registered a breakout from the pattern. In addition, the bullishness in the pair is being underpinned by the stochastic indicator, where the %K line (sky blue line) is moving above the %D line (red line). The prices are now attempting to move towards its target profit and thus traders can grab the buy opportunity and keep the profit target at 4.6000 level. Simultaneously, the stop loss can be set at 4.4686 level. Trade information Take profit 4.6000 Stop-loss 4.4686
Long
by forexjames07