TCIEXP has formed ascending triangle pattern on daily chart. Volume is low as consolidation is nearing its completion which is typical sign of ascending triangle formation. It needs to breakout above 605-610 with volume on closing basis for fresh upward journey. Pattern failure below support trendline which will shift higher day by day.
Kajaria ceramics has formed two pattern which are very strong and bullish patterns in nature.
The only difference is the time-frame
It managed to form "Double Bottom" on daily chart(strong buy)
It managed to form "Ascending Triangle Pattern" on weekly chart(positional long call)
VTL has demonstrated upside breakout on weekly chart. RSI is also rising. Possibility of this can be a good breakout is that its holding company VHL has already risen 60% past week after similar breakout & I am expecting VTL to demonstrate somewhat similar move.
TORNTPOWER has formed ascending triangle pattern on daily chart. Stock is poised for upside breakout above 286/288 zone. RSI has demonstrated downward-sloping trendline breakout on friday's session with volume.
In weekly, ascending triangle formed and breakout happened with good volume,
also in daily, price broke out of symmetrical triangle with high volume, and closed above upper BB, BB is expanding now.
with sl - 95 tgt - 150
LTC is in a pennant; similar to an ascending triangle formation. To me this is an indication of a bullish continuation pattern. If it breaks out of the ascending triangle then you may expect a decent bull run.
That said, my trade setup would be something like this -
Buy @ 334 - 338
Stop Loss ~300
Please feel free to revert with...
The script has retraced to 61.8% and taking a support here for past week.
It has also formed a descending channel after the bull run, forming bullish flag.
Considering last 10 days, it is forming an ascending triangle.
Breaking above the upper boundary of the channel + Upper boundary of ascending triangle,
chances are that the script will resume its bull run to...
The analysis is on weekly time frame so i believe its a long-term investment.
The stock is forming a new higher lower formation and showing constant reversals from 507.
Now the stock has managed to maintain its 100 day moving average.
So currently its placed near the lower end of the formation.
"A GOOD TIME TO BUY" for...
ACC breakout of an Ascending Triangle with momentum. The height of the pattern suggests an upside target in the range of (1730-1735). However we notice a fine Fibonacci Retracement confluence at 1720, which will be an interesting level to keep a watch for. A throwback to the breakout level of 1705 should no be discounted.
BIOCON breakouts of yet another Ascending Triangle formation with support from rising volumes. The stock has been an out-performer and has been steadily holding unto an UP trend for sometime. A fine PINCH with the Bollinger Bands suggest a volatility contraction, and add to this fact that we did have an Inside Day formation couple of sessions back. The stock seems...