Cummins India is making ascending traingle.
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So if the stock give breakout above triangle target will 940-960.
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If it goes below trendline then we can see the sharp selling. But I think volume is high,
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There is less chances to go bearish.
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What's your view on this comment below in the box.
NSE:TEMBO Levels are Mentioned in the chart... Good for swing...
Note:
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JSW Steel was making higher highs and higher lows for a few weeks, and has been in a consolidation phase, forming an ascending triangle pattern.
It has shown a minor break out of the resistance, and now if it follows through, it can soon cross the 52W high for levels of 810 and 894 respectively.
The technicals are also giving a bullish bias for the stock.
Please...
Ascending triangle formation in TCS on daily time frame. Currently price is in no trading zone it's between dynamic trend line and resistance a break above resistance or fall below trend line will be considered as a break of triangle formation. A breakout above resistance is highly possible as the stock if making higher lows.
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Tcs spot cmp 3190
ascending triangle pattern formation
over sold on all time smaller time frames
bullish cross over in hourly and 240 mins time frame
bullish divergence of rsi and macd
bullish engulfing pattern formation
good long candidate for new life time high,,,
The stock was moving in an ascending pattern on the lower trend line, and has now crossed the top resistance level. It is now trending closer to its all time high of 224.5, which is given as a near term target.
Break out happened with significant volume, suggesting that the trend is expected to continue.
Depending on your risk profile, you may maintain a stop...
The stock is near its 52W high, and witnessed a spike in volume on Friday, 30th July.
If the momentum continues, considering its strong technicals, it is highly likely to break out of the ascending triangle pattern.
Considering the historical trend on the weekly charts, it is expected to touch near term targets of 137.8 and 150.8 respectively.
Depending on your...
NSE:NBVENTURES
KEEP IN WATCHLIST.
ASCENDING TRIANGLE ON CHARTS.
CAN INITIATE TRADE AFTER BREAKOUT WITH STOP LOSS BELOW BREAKOUT CANDLE
CURRENT TRIANGLE PATTERN SUGGESTS TARGET OF 150 AFTER BREAKOUT.
** EDUCATIONAL PURPOSE
A good pattern formation can be seen in the chart with a good buying volume.
Buyers volume looks good as compared to sellers.
SWING TRADE AT LEAST 25-20 DAYS
What are your views ??
