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.
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.
ADANI ENTERPRISESAFTER A BIG FALL IN ADANI ENTERPRISES MARKET SHOULD BE COVERED.
AFTER MARKET IS COVERED TAKING SOME RETRACEMENT
MARKET TAKING FIB RETRACEMENT AT LEVEL OF 0.382, WHICH MAKES THE SIGNAL OF MARKET WILL BE RETRACED FROM THIS LEVEL.
AND FORMATION OF ASCENDING TRIANGLE IN 15 MIN TIME FRAME.
CMP :- 1519.45
BUY ABOVE :- 1530.45
SELL BELOW :- 1499.25
THANK YOU.






















