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Ascending Triangle

WIPRO - A CHART WITH THOUSANDS OF OPPURTUNITIESThe same pattern happened for 5 consecutive days. The pattern you can find is :- A Gap Up Opening. Then an up move to trendline. (refer the chart) Followed by fall to support @ 276/275. Also note these points :- CNXIT or NIFTYIT also has been consolidating in an ascending triangle pattern. The stock is witnessed a selling pressure at the end of the week The stock's range is decreasing day by day increasing it's chance for a powerfull breakout Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose. Trade at your own risk. Thank you Have a Nice day!!
NSE:WIPRO
by FAHEEMSAM
3
Nifty - What to expect from here?Look at the chart carefully!! - What do you expect from here? Their is a formation of a bullish hammer pattern right after it touched the trendline @ 11,111. Now look how nifty reacted the last time it touched the same trend line. Hope you found how wonderfully it respected the line and never came back. So we can expect another touch on the trend line and a subsequent bull run to 10,500. Also look out for 10,300 since it will act as a resistance from now on. So i am bullish on the market, atleast till 10,500. So now tell me, what are your thoughts ?
NSE:NIFTYLong
by FAHEEMSAM
7
BOSCHLTD - Typical Triangle BreakoutA classical breakout from BOSCHLTD today - a gain of over 7.5% to inch close to 14.500. The stock has been in a well-defined UP trend for sometime post which it consolidated within a typical Ascending Triangle which are known to be decent continuation patterns. The next immediate level to watch for is in the zone of (14,800-15,000). A high probability resistance zone for the stock lies within this 200 points as I notice a synergy of supply from both fibonacci retracements & erstwhile supports. This recent momentum will definitely take the stock test these resistances wherein it’ll be advisable to short term traders to lighten their positions.
NSE:BOSCHLTD
by Abhijit_Paul
3