PFC Broadening Right-Angled and AscendingThe pattern is also called Megaphone. It has also formed 3L-Reversal at the top so one can short the stock wherever stop loss of 139.9 on closing basis is affordable. If the pattern works one can expect the price to touch the lower line around 112. Safe trader can book the profit on fib level that too offers a good risk to reward ratio
Ascending
Ascending Triangle on Bank of Baroda - LONGAscending Triangle on Bank of Baroda and it will break for upside movement. Indicators also showing bullish trend and last 2 hours of previous day volume is high. I am expecting the price may have gap up.
Trade:
Buy above - 152
Target 1 - 154
Target 2 - 156
Stop Loss - 150
R : R = 1 : 2
Reward Points = 4
Risk Points = 2