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Ascending Triangle

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.
NSE:KEILong
by AmeyKajarekar
4
TCS Share Price Trend AnalysisTata Consultancy Services a part of Tata Group. It provides IT Services, Consulting & Business Solution to their Clients. As this is a well known name in the Industry so we will not discuss more about fundamental. In terms of technical analysis, we observed as chart pattern at 1D time frame which we called Ascending triangle. Ascending Triangle is a Bullish pattern & we think that TCS will be bullish in up coming days. So, You can take Target & SL as per trend analysis which we suggest/teach during our Beginner Module Course. Happy Earning! Follow THE DECISIVE because WE HELP YOU TO DECIDE! To learn more on Fundamental & Technical analysis, please do register for our Beginner Module or Contact us. This was just for educational purpose only & not recommending to BUY/SELL of any Script.
NSE:TCSLong
by The_Decisive
How to Do Swing trading in TCS✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ Chart Type: Triangle pattern Breakout and sustained purely above it with a good bullish candle + ACtivation of a swing trade with given SL might be a good setup ✺--------------------------- Motivational and psychological area ✺ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good peoples, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) ✺------------------------------------ Some info-------------------------- ✺ ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<< Thank You Have a Nice Trading Day >>>>>>
NSE:TCSLong
by Averoy_Apoorv_Analysis
2