NIFTY FUTURE Trend AnalysisNIFTY FUTURE on 1Hr time frame making an Ascending triangle which shows that NIFTY FUTURE can touch 16000 Mark in upcoming time. Bullish continuous pattern Ascending triangle's horizontal line can be your stop loss. Lets wait for the breakout with good VOL from horizontal line.
Ascending Triangle
TEAMLEASE SERVICES Ascending triangle BreakoutNSE:TEAMLEASE Levels are Mentioned in the chart... Good for Swing...
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NIFTY - Ascending Triangle Breakout ?Overall Nifty is in a Rising Wedge.
The way it is shaping up after a cup breakout and now 3 VCP in an ascending triangle, it seems the short term correction will be over soon, unless something drastic happens and the ascending triangle is breached on the downside.
MACD also looks bullish for now.
Technical analysis behind todays TATAMOTOR -13% fall👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self-explained chart : Just educational purpose
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JINDAL POLY FILMSForming an ascending triangle pattern.
Let's wait for a breakout candle above the resistance.
If breaks out above with good volumes, target would be 1200 levels (approx)
Disclaimer: Chart is shared only for educational purpose. Before investing please consult your financial advisor.
KEI about to BreakoutAscending Triangle Pattern formed in Kei Industries. I am referring 1D candle.
CMP : 722
You can clearly see a Rising Lower trendline which is acting as a support line. Many times stock is taking its support and rejected the downside movement.
Upper trendline is flat acting as resistance line. Many times stock touched that line or tried to go out of the pattern but got declined.
Positive Points:
1) Ascending triangle pattern which is commonly known for bullish sign.
2) MACD is about to crossover. Its above zero line. Also you can see weakness is decreasing. See histogram bars.
3) RSI above 60. and It has taken support near 55-60 which is very good sign for a bullish momentum.
Entry:
After breakout.
Aggressive buyers can take entry after breakout (Volume is important for breakout)
Defensive buyers can wait for a pull back for confirmations
Target :
830
Duration :
short to mid term position
Disclaimer : I am not sebi registered. This is for educational purpose only. Do your own analysis before taking any position. I am not responsible for your profit or loss.