#GLENMARK PHARMA (10 JUNE 2018, 9:40 PM)
ASCENDING TRIANGLE BREAKOUT PATTERN
LOOKS GOOD IF COMES TO 542-548 ZONE & MOVE AGAIN UP...
PERFECT SETUP FOR BUY & MAKES HIGHER HIGH SL 530
CMP 556.75
All mentioned & plotted on Chart.
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Disclaimer: Take this information as study/education purpose only.
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UPL forming a promising ascending triangle pattern both on daily and hourly chart. Should be interesting to see in the coming days, if this translates.
Ascending triangle formation on the chart also good signal on the MA(10) on the CCI(20). The EMA(200) seems as a strong resistance so a breakthrough above it could mean strong movement. Also fine support from the ICHIMOKU cloud below. Anything in 150-155 should be a good entry point IMHO.
in daily, ascending triangle formed, and breakout happened with high volume, price closed above upper BB and BB is expanding.
https://in.tradingview.com/x/IAUhTgVz/
with sl - 255, tgt - 370
NSE:ICIL Breakout has occurred on daily charts from ascending triangle with high volumes.
As per measured move we can see a target of around 30 points ie 160 levels.But as the price is very near but below its 200 period EMA and support turned resistance zone at 135 , it may see some consolidation or throwback to breakout levels. So we can put this script in radar ...
TCIEXP has formed ascending triangle pattern on daily chart. Volume is low as consolidation is nearing its completion which is typical sign of ascending triangle formation. It needs to breakout above 605-610 with volume on closing basis for fresh upward journey. Pattern failure below support trendline which will shift higher day by day.
Kajaria ceramics has formed two pattern which are very strong and bullish patterns in nature.
https://in.tradingview.com/x/zNSRMtZW/
https://in.tradingview.com/x/pIPrOv5n/
The only difference is the time-frame
It managed to form "Double Bottom" on daily chart(strong buy)
It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call)
I am ...
VAIBHAVGBL has formed ascending triangle pattern on daily chart. RSI is also above 50. Stock is above 50 SMA. Breakout above 730 on closing basis. Pattern failure below 700 on closing basis.
