As nifty is moving in Ascending triangle, Ascending Triangle is getting completed near to 11950-12000 levels .
After The Break Out of Ascending Traingle we can expect Immediate TGT of 12400-12500 in NIFTY
one can place SL of recent low i e 11450 in spot and that too on a closing basis.
DMART looks set for a recovery. We could observe a confirmed bullish Ascending triangle pattern. Target of the pattern comes in at 1480. However, the price was rejected by the trendline resistance at around 1420. Going forward, if the trendline is breached expect the stock to raise towards the pattern target.
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Kellton tech is creating a good ascending triangle which is a bullish sign, after hitting to 52 weeks low of 25.
On a long term support it will definitely hit 70 again in 3-6 months.
Buy on dips next 1-2 weeks.
BTST IN YESBANK
STOCK IS NEAR RESISTANCE LEVEL OF 194
WE ARE SEEING CONSTANT BUILT-UP IN OI
NOTE:-MIGHT BE ONLY TILL JAN 09
BREAKING ABOVE 194 WILL GIVE US
A ASCENDING TRIANGLE BREAKOUT (BULLISH)
BUY@195 (IF CLOSES ABOVE 194)
1.Ascending triangle breakout done
2.Pattern like a round bottom formed and breakout done.
3.Closing above 514,it may go further upto 523-528 range.
4.All Daily indicators showing bullish signal and Weekly indicators are turning to bullish from bearish.
Ascending Triangle in the making for BTC?
Setup Void if price falls Aggressively below 4050 without proper bounce.
If Setup works, i am looking for 5k+
An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend, but it may also occur as a reversal pattern...
Ascending triangle pattern formed in Nifty and it will make the upside breakout but another side of global weakness may give the false breakout ? Lets watch the breakout and confirm the direction.
ASCENDING TRIANGLE BREAKOUT IN NIFTY INDEX
HOURLY CHART BREAKOUT RELIABLITY IS LESS AS TIME FRAME ANALYSIS
HENCEFORTH TRADE WITH CAUTION
PREFER OPTION TRADE TO LIMIT LOSS AND MANAGE THE VOLATILITY.
BUY 10800 CE @60 (NOV)
NOTE:A TEST OF 200-DMA IS POSSIBLE IF BREAKS THEN HOLD ON FOR 10930 LEVELS
MACD ABOUT TO...